Stonegate Investment Group LLC Trims Stake in HubSpot, Inc. (NYSE:HUBS)

Stonegate Investment Group LLC reduced its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 75.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,333 shares of the software maker's stock after selling 13,062 shares during the period. Stonegate Investment Group LLC's holdings in HubSpot were worth $2,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jennison Associates LLC grew its stake in HubSpot by 728.0% in the third quarter. Jennison Associates LLC now owns 792,135 shares of the software maker's stock worth $390,126,000 after purchasing an additional 696,469 shares during the period. Wellington Management Group LLP grew its position in shares of HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker's stock worth $1,088,119,000 after buying an additional 626,977 shares during the period. Norges Bank purchased a new position in HubSpot during the 4th quarter valued at about $311,236,000. Twin Focus Capital Partners LLC boosted its stake in HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker's stock worth $283,230,000 after acquiring an additional 487,348 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in HubSpot by 87.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker's stock worth $262,022,000 after purchasing an additional 210,138 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of NYSE:HUBS traded down $31.12 during trading on Tuesday, hitting $605.04. 607,341 shares of the company's stock were exchanged, compared to its average volume of 490,455. The business's 50-day simple moving average is $628.38 and its 200 day simple moving average is $562.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a market cap of $30.80 billion, a price-to-earnings ratio of -170.43 and a beta of 1.59.

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

Insider Buying and Selling at HubSpot

In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now directly owns 7,783 shares of the company's stock, valued at $4,811,839.75. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the sale, the insider now owns 7,783 shares of the company's stock, valued at $4,811,839.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 8,817 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the transaction, the chief executive officer now owns 88,977 shares of the company's stock, valued at approximately $55,165,740. The disclosure for this sale can be found here. Insiders sold 22,362 shares of company stock valued at $14,012,491 in the last 90 days. Insiders own 4.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HUBS. Royal Bank of Canada upped their price target on shares of HubSpot from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Needham & Company LLC raised their price target on shares of HubSpot from $630.00 to $730.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. KeyCorp assumed coverage on HubSpot in a research report on Thursday, March 21st. They issued an "underweight" rating and a $520.00 price objective on the stock. Wells Fargo & Company boosted their price target on HubSpot from $700.00 to $725.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group increased their price objective on HubSpot from $577.00 to $656.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $642.36.

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.

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