Thematics Asset Management Trims Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Thematics Asset Management cut its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,072 shares of the software maker's stock after selling 2,608 shares during the quarter. Thematics Asset Management's holdings in HubSpot were worth $7,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the 3rd quarter valued at $25,000. Larson Financial Group LLC raised its stake in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares during the period. Aster Capital Management DIFC Ltd boosted its position in HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after acquiring an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in shares of HubSpot during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Trading Up 2.1 %

HUBS traded up $12.79 during midday trading on Friday, hitting $613.29. 384,409 shares of the company traded hands, compared to its average volume of 620,032. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market capitalization of $31.98 billion, a price-to-earnings ratio of 6,828.37, a PEG ratio of 41.44 and a beta of 1.82. The business has a 50 day simple moving average of $607.88 and a two-hundred day simple moving average of $660.06.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,882 shares of company stock worth $17,993,757 in the last quarter. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HUBS shares. The Goldman Sachs Group increased their price objective on HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Citigroup raised their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. KeyCorp raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target on the stock in a research report on Thursday, February 13th. Mizuho lowered their price objective on HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Stephens began coverage on HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price on the stock. Five equities 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 an average rating of "Moderate Buy" and a consensus price target of $789.11.

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.