Schonfeld Strategic Advisors LLC Trims Stake in HubSpot, Inc. (NYSE:HUBS)

Schonfeld Strategic Advisors LLC lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,001 shares of the software maker's stock after selling 1,643 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in HubSpot were worth $2,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in HubSpot in the 4th quarter worth $420,345,000. Raymond James Financial Inc. purchased a new position in shares of HubSpot in the fourth quarter valued at about $157,019,000. Wealthfront Advisers LLC increased its position in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock valued at $93,049,000 after acquiring an additional 129,357 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of HubSpot in the fourth quarter valued at about $79,135,000. Finally, Alliancebernstein L.P. increased its position in shares of HubSpot by 61.9% in the fourth quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock valued at $199,504,000 after acquiring an additional 109,449 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the transaction, the insider now owns 525,687 shares in the company, valued at $283,135,018.20. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 680 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. This trade represents 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. Corporate insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HUBS shares. Jefferies Financial Group cut their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. William Blair reiterated an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Stifel Nicolaus set a $750.00 price target on shares of HubSpot in a research report on Friday, April 25th. UBS Group boosted their price target on shares of HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research report on Friday. Finally, The Goldman Sachs Group reduced their price target on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $772.56.

HubSpot Stock Down 8.8%

Shares of NYSE HUBS traded down $58.05 during midday trading on Friday, hitting $602.31. The stock had a trading volume of 1,797,313 shares, compared to its average volume of 616,577. The business's 50 day moving average is $584.93 and its 200-day moving average is $668.28. The company has a market cap of $31.70 billion, a P/E ratio of 6,693.08, a PEG ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

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, analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.