HubSpot, Inc. (NYSE:HUBS) is NDVR Inc.'s 2nd Largest Position

NDVR Inc. lowered its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,449 shares of the software maker's stock after selling 6,899 shares during the quarter. HubSpot comprises approximately 20.3% of NDVR Inc.'s investment portfolio, making the stock its 2nd largest holding. NDVR Inc. owned about 0.06% of HubSpot worth $21,216,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in HubSpot during the 4th quarter worth $420,345,000. Raymond James Financial Inc. purchased a new position in HubSpot during the 4th quarter worth $157,019,000. Wealthfront Advisers LLC boosted its holdings in HubSpot by 3,090.2% during the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock worth $93,049,000 after acquiring an additional 129,357 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in HubSpot during the 4th quarter worth $79,135,000. Finally, Alliancebernstein L.P. boosted its holdings in HubSpot by 61.9% during the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock worth $199,504,000 after acquiring an additional 109,449 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Down 0.5%

Shares of HubSpot stock traded down $3.62 on Friday, hitting $660.43. The stock had a trading volume of 687,933 shares, compared to its average volume of 621,704. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The stock has a market cap of $34.76 billion, a price-to-earnings ratio of 7,338.97, a PEG ratio of 41.44 and a beta of 1.78. The stock's 50-day simple moving average is $586.78 and its two-hundred day simple moving average is $669.70.

HubSpot (NYSE:HUBS - Get Free Report) last issued its 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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Macquarie assumed coverage on shares of HubSpot in a report on Monday, March 24th. They issued an "outperform" rating and a $730.00 price target on the stock. Piper Sandler boosted their price objective on HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. The Goldman Sachs Group lowered their price objective on HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. UBS Group boosted their price objective on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Royal Bank of Canada boosted their price objective on HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $767.33.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares of the company's stock, valued at $283,135,018.20. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at $43,015,800. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,562 shares of company stock worth $18,401,757. Insiders own 4.50% of the company's stock.

About HubSpot

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.