Jefferies Financial Group Inc. Has $5.23 Million Position in HubSpot, Inc. (NYSE:HUBS)

Jefferies Financial Group Inc. cut its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 91.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,500 shares of the software maker's stock after selling 75,508 shares during the period. Jefferies Financial Group Inc.'s holdings in HubSpot were worth $5,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC bought a new position in shares of HubSpot in the fourth quarter valued at approximately $1,361,000. Oak Harvest Investment Services bought a new stake in HubSpot during the fourth quarter worth approximately $2,065,000. Donoghue Forlines LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at approximately $2,049,000. Mayflower Financial Advisors LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at approximately $862,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of HubSpot by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock valued at $2,262,000 after acquiring an additional 49 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Down 0.5%

NYSE HUBS traded down $3.62 during midday trading on Friday, hitting $660.43. The company had a trading volume of 687,933 shares, compared to its average volume of 621,365. The stock has a market cap of $34.76 billion, a price-to-earnings ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78. The firm has a fifty day simple moving average of $586.78 and a two-hundred day simple moving average of $669.70. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 in the last ninety days. Insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on HUBS. Stephens began coverage on shares of HubSpot in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price target for the company. Wells Fargo & Company cut their target price on shares of HubSpot from $940.00 to $700.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Scotiabank cut their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group cut their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Canaccord Genuity Group increased their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $767.33.

HubSpot Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.