Ardevora Asset Management LLP Sells 8,480 Shares of HubSpot, Inc. (NYSE:HUBS)

Ardevora Asset Management LLP lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 44.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,487 shares of the software maker's stock after selling 8,480 shares during the period. Ardevora Asset Management LLP's holdings in HubSpot were worth $6,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC increased its position in shares of HubSpot by 728.0% during the 3rd quarter. Jennison Associates LLC now owns 792,135 shares of the software maker's stock valued at $390,126,000 after purchasing an additional 696,469 shares during the last quarter. Durable Capital Partners LP purchased a new stake in shares of HubSpot during the 1st quarter valued at about $283,913,000. Norges Bank purchased a new stake in shares of HubSpot during the 4th quarter valued at about $141,314,000. Clearbridge Investments LLC increased its position in shares of HubSpot by 33.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker's stock valued at $535,934,000 after purchasing an additional 284,039 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in HubSpot by 26.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker's stock worth $614,317,000 after acquiring an additional 257,632 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company's stock, valued at $334,656,763.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company's stock, valued at $334,656,763.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the sale, the chief executive officer now directly owns 88,977 shares of the company's stock, valued at approximately $55,165,740. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,362 shares of company stock valued at $14,012,491. Corporate insiders own 4.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HUBS shares. Canaccord Genuity Group increased their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock a "buy" rating in a report on Friday, April 5th. JPMorgan Chase & Co. increased their target price on HubSpot from $530.00 to $630.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Royal Bank of Canada raised their price target on HubSpot from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. TheStreet upgraded HubSpot from a "d+" rating to a "c-" rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company increased their target price on HubSpot from $700.00 to $725.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $642.36.

HubSpot Price Performance

HUBS stock traded down $18.34 during midday trading on Friday, hitting $631.24. 810,764 shares of the stock were exchanged, compared to its average volume of 617,989. The stock's 50-day moving average price is $625.12 and its 200-day moving average price is $554.08. The stock has a market cap of $31.98 billion, a price-to-earnings ratio of -177.81 and a beta of 1.58. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. Research analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current year.

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.