Kovitz Investment Group Partners LLC Sells 761 Shares of HubSpot, Inc. (NYSE:HUBS)

by · The Cerbat Gem

Kovitz Investment Group Partners LLC lessened its position in HubSpot, Inc. (NYSE:HUBS – Free Report) by 9.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,220 shares of the software maker’s stock after selling 761 shares during the period. Kovitz Investment Group Partners LLC’s holdings in HubSpot were worth $5,031,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the third quarter worth about $25,000. Larson Financial Group LLC raised its position in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after buying an additional 22 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its position in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after buying an additional 32 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $616.56 on Monday. The firm has a market cap of $32.16 billion, a price-to-earnings ratio of 6,851.43, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The business has a 50-day simple moving average of $604.15 and a two-hundred day simple moving average of $662.23. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. As a group, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity

In other news, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 owns 525,687 shares in the company, valued at $283,135,018.20. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,882 shares of company stock valued at $17,993,757 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on HUBS. Needham & Company LLC raised their price target on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their price target 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. Stifel Nicolaus raised their price objective on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their target price on HubSpot from $940.00 to $700.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Five equities 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $789.11.

Check Out Our Latest Stock Analysis on HubSpot

HubSpot Company Profile

(Free Report)

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.

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