Kovitz Investment Group Partners LLC Decreases Position in HubSpot, Inc. (NYSE:HUBS)

Kovitz Investment Group Partners LLC reduced its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,220 shares of the software maker's stock after selling 761 shares during the period. Kovitz Investment Group Partners LLC's holdings in HubSpot were worth $5,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the third quarter worth about $25,000. Oddo BHF Asset Management Sas acquired a new stake in shares of HubSpot in the 3rd quarter valued at about $740,000. GAMMA Investing LLC boosted its stake in HubSpot by 16.9% during the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker's stock valued at $154,000 after purchasing an additional 32 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of HubSpot during the 4th quarter worth approximately $1,010,000. Finally, Nordea Investment Management AB boosted its holdings in shares of HubSpot by 7.7% in the 4th quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker's stock worth $2,987,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Down 0.1 %

HUBS stock traded down $0.54 during midday trading on Wednesday, hitting $612.15. The company's stock had a trading volume of 570,625 shares, compared to its average volume of 621,425. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market cap of $31.93 billion, a price-to-earnings ratio of 6,802.42, a PEG ratio of 41.44 and a beta of 1.82. The stock's 50-day moving average price is $598.28 and its 200 day moving average price is $662.25.

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

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,562 shares of company stock valued at $18,401,757. Insiders own 4.50% of the company's stock.

Analyst Ratings Changes

HUBS has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. BNP Paribas started coverage on HubSpot in a report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price objective on the stock. Macquarie assumed coverage on shares of HubSpot in a research report on Monday, March 24th. They issued an "outperform" rating and a $730.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group increased their target price on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and an average target price of $782.63.

HubSpot Company 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.