UniSuper Management Pty Ltd Sells 100 Shares of HubSpot, Inc. (NYSE:HUBS)

UniSuper Management Pty Ltd lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 9.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,000 shares of the software maker’s stock after selling 100 shares during the quarter. UniSuper Management Pty Ltd’s holdings in HubSpot were worth $697,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HUBS. Farther Finance Advisors LLC increased its position in shares of HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after buying an additional 13 shares during the period. First Horizon Advisors Inc. raised its position in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank lifted its stake in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after purchasing an additional 16 shares during the period. Avitas Wealth Management LLC boosted its position in shares of HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after purchasing an additional 17 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in HubSpot by 17.2% during the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock worth $81,000 after purchasing an additional 17 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 2.0 %

Shares of HubSpot stock opened at $570.58 on Tuesday. The firm has a market capitalization of $29.76 billion, a P/E ratio of 6,340.52, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The business’s fifty day simple moving average is $702.68 and its 200 day simple moving average is $660.69. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. Analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent analyst reports. Needham & Company LLC boosted their price target on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. BMO Capital Markets lifted their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Canaccord Genuity Group upped their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Barclays upgraded HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 target price for the company in a research note on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $848.58.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. 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 accessible through this link. Also, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,853 shares of company stock worth $15,453,396 in the last quarter. 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.