Raymond James & Associates Sells 13,869 Shares of HubSpot, Inc. (NYSE:HUBS)

Raymond James & Associates reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,634 shares of the software maker's stock after selling 13,869 shares during the period. Raymond James & Associates owned 0.13% of HubSpot worth $37,523,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Acropolis Investment Management LLC acquired a new position in shares of HubSpot during the 4th quarter worth approximately $116,000. HB Wealth Management LLC raised its position in shares of HubSpot by 3.5% during the 4th quarter. HB Wealth Management LLC now owns 562 shares of the software maker's stock worth $326,000 after purchasing an additional 19 shares during the last quarter. Whittier Trust Co. raised its position in shares of HubSpot by 5,150.0% during the 4th quarter. Whittier Trust Co. now owns 105 shares of the software maker's stock worth $61,000 after purchasing an additional 103 shares during the last quarter. Bouvel Investment Partners LLC grew its stake in HubSpot by 1.9% in the 4th quarter. Bouvel Investment Partners LLC now owns 1,754 shares of the software maker's stock worth $1,018,000 after acquiring an additional 32 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in HubSpot by 1.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 2,205 shares of the software maker's stock worth $1,186,000 after acquiring an additional 30 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Up 0.5 %

HUBS stock traded up $3.23 during trading on Friday, reaching $626.56. The stock had a trading volume of 437,968 shares, compared to its average volume of 385,157. HubSpot, Inc. has a 1-year low of $390.22 and a 1-year high of $660.00. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $31.75 billion, a P/E ratio of -176.50 and a beta of 1.59. The firm has a fifty day moving average price of $611.94 and a 200 day moving average price of $536.79.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. On average, equities analysts anticipate that HubSpot, Inc. will post -0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

HUBS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of HubSpot from $530.00 to $630.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. BMO Capital Markets lifted their target price on shares of HubSpot from $540.00 to $710.00 and gave the stock an "outperform" rating in a research note on Monday, February 12th. Evercore ISI lifted their target price on shares of HubSpot from $625.00 to $650.00 and gave the stock an "in-line" rating in a research note on Thursday, February 15th. UBS Group reaffirmed a "neutral" rating and issued a $525.00 target price on shares of HubSpot in a research note on Thursday, February 15th. Finally, KeyCorp began coverage on shares of HubSpot in a research note on Thursday, March 21st. They set an "underweight" rating and a $520.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $628.50.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total value of $4,724,640.00. Following the sale, the insider now owns 536,811 shares in the company, valued at approximately $298,381,026.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the transaction, the chief executive officer now directly owns 88,977 shares in the company, valued at $55,165,740. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total value of $4,724,640.00. Following the completion of the transaction, the insider now owns 536,811 shares of the company's stock, valued at $298,381,026.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,488 shares of company stock worth $11,527,258. 4.90% of the stock is currently owned by corporate insiders.

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.