HubSpot, Inc. (NYSE:HUBS) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co decreased its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 68.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,234 shares of the software maker's stock after selling 4,766 shares during the quarter. Paloma Partners Management Co's holdings in HubSpot were worth $1,557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot in the third quarter worth $25,000. Oddo BHF Asset Management Sas purchased a new stake in HubSpot in the third quarter valued at $740,000. GAMMA Investing LLC grew its position in HubSpot by 16.9% during the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker's stock worth $154,000 after purchasing an additional 32 shares during the period. Everence Capital Management Inc. acquired a new stake in HubSpot during the 4th quarter worth about $1,010,000. Finally, Nordea Investment Management AB raised its stake in shares of HubSpot by 7.7% during the 4th quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker's stock valued at $2,987,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $13.24 during midday trading on Thursday, hitting $624.74. The company had a trading volume of 674,133 shares, compared to its average volume of 621,619. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market cap of $32.58 billion, a price-to-earnings ratio of 6,942.33, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The business's 50-day simple moving average is $594.03 and its 200-day simple moving average is $662.35.

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 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%. As a group, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on HUBS. Mizuho dropped their target price on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets raised their price objective on shares of HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Needham & Company LLC lifted their target price on shares of HubSpot from $730.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Oppenheimer increased their price target on shares of HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Truist Financial cut their price objective on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Five 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $782.63.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,562 shares of company stock worth $18,401,757. Insiders own 4.50% of the company's stock.

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.