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

Lighthouse Investment Partners LLC trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 60.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,603 shares of the software maker's stock after selling 5,397 shares during the quarter. Lighthouse Investment Partners LLC's holdings in HubSpot were worth $2,510,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HUBS. Farther Finance Advisors LLC lifted its position in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after acquiring an additional 13 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of 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 acquiring an additional 13 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank lifted its position in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after acquiring an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its position in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after acquiring an additional 17 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Stephens assumed coverage on HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price for the company. Stifel Nicolaus set a $750.00 target price on HubSpot in a research note on Friday, April 25th. Truist Financial dropped their target price on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group upped their price target on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays dropped their price target on HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $767.33.

HubSpot Stock Down 0.5%

Shares of NYSE:HUBS traded down $3.62 during midday trading on Friday, hitting $660.43. 687,933 shares of the stock traded hands, compared to its average volume of 621,704. The business's 50 day moving average is $588.18 and its two-hundred day moving average is $670.37. The stock has a market capitalization of $34.76 billion, a PE ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the transaction, the insider now owns 525,687 shares in the company, valued at $283,135,018.20. The trade was a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This trade represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,562 shares of company stock valued at $18,401,757 in the last three months. Corporate insiders own 4.50% of the company's stock.

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.