HubSpot, Inc. (NYSE:HUBS) Shares Sold by Natixis

Natixis trimmed its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 45.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,090 shares of the software maker's stock after selling 1,739 shares during the quarter. Natixis' holdings in HubSpot were worth $1,456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the third quarter worth approximately $25,000. Larson Financial Group LLC lifted its stake in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after acquiring an additional 19 shares during the period. Aster Capital Management DIFC Ltd raised its holdings in HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in HubSpot in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $7.03 during mid-day trading on Monday, hitting $608.47. 92,515 shares of the company traded hands, compared to its average volume of 619,501. The firm's 50 day simple moving average is $604.15 and its 200 day simple moving average is $662.23. The firm has a market cap of $31.73 billion, a P/E ratio of 6,752.18, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

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

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on 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 transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents 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 dated 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 completion of the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,882 shares of company stock valued at $17,993,757. Insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

HUBS has been the subject of several research analyst reports. Raymond James increased their price objective on HubSpot from $750.00 to $980.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. TD Cowen cut HubSpot from a "buy" rating to a "hold" rating and upped their price target for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Truist Financial reduced their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group lowered their target price on HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Citigroup lifted their price target on HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Five equities 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. According to MarketBeat.com, HubSpot presently has an average rating of "Moderate Buy" and a consensus target price of $789.11.

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.