HubSpot, Inc. (NYSE:HUBS) Shares Sold by Kovitz Investment Group Partners LLC

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

A number of other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after purchasing an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its holdings in HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after buying an additional 13 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank grew its holdings in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after acquiring an additional 16 shares during the period. Finally, Avitas Wealth Management LLC increased its stake in HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 680 shares of the business'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 sale, the chief executive officer now owns 71,693 shares of the company's stock, valued at $43,015,800. The trade was a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,562 shares of company stock valued at $18,401,757. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Trading Up 2.1 %

HUBS traded up $13.31 during trading on Friday, reaching $637.36. 458,462 shares of the company were exchanged, compared to its average volume of 621,026. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The firm has a 50 day moving average of $592.37 and a 200 day moving average of $663.89. The stock has a market cap of $33.55 billion, a P/E ratio of 7,082.56, a PEG ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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, analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HUBS shares. Sanford C. Bernstein initiated coverage on HubSpot in a report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 target price on the stock. TD Cowen downgraded shares of HubSpot from a "buy" rating to a "hold" rating and upped their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Macquarie began coverage on shares of HubSpot in a research note on Monday, March 24th. They set an "outperform" rating and a $730.00 price objective for the company. The Goldman Sachs Group upped their target price on HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group dropped their price target on HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $777.44.

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.