Wasatch Advisors LP Sells 1,097 Shares of HubSpot, Inc. (NYSE:HUBS)

Wasatch Advisors LP lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,044 shares of the software maker's stock after selling 1,097 shares during the quarter. Wasatch Advisors LP's holdings in HubSpot were worth $3,515,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HUBS. Norges Bank acquired a new stake in shares of HubSpot in the fourth quarter worth $420,345,000. Raymond James Financial Inc. acquired a new position in shares of HubSpot during the fourth quarter valued at about $157,019,000. Wealthfront Advisers LLC lifted its stake 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 buying an additional 129,357 shares during the period. Proficio Capital Partners LLC acquired a new stake in HubSpot during the fourth quarter worth about $79,135,000. Finally, Alliancebernstein L.P. raised its holdings in HubSpot by 61.9% in the 4th 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 in the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Up 1.6 %

Shares of NYSE HUBS traded up $8.35 during mid-day trading on Tuesday, hitting $527.41. The company had a trading volume of 98,322 shares, compared to its average volume of 616,201. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company has a market capitalization of $27.51 billion, a PE ratio of 5,859.73, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The firm has a 50-day simple moving average of $622.56 and a two-hundred day simple moving average of $660.98.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. William Blair restated an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Truist Financial decreased their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Oppenheimer raised their target price on HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $804.78.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,882 shares of company stock worth $17,993,757. Company insiders own 4.50% of the company's stock.

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.