Bank of America Corp DE reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 26.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,780 shares of the software maker’s stock after selling 46,427 shares during the period. Bank of America Corp DE owned 0.35% of HubSpot worth $7,798,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HUBS. Ameritas Investment Partners Inc. purchased a new position in shares of HubSpot during the first quarter worth approximately $151,000. Amalgamated Bank purchased a new position in shares of HubSpot during the first quarter worth approximately $214,000. Juncture Wealth Strategies LLC purchased a new position in shares of HubSpot during the first quarter worth approximately $241,000. Solaris Asset Management LLC increased its position in shares of HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock worth $244,000 after buying an additional 226 shares during the period. Finally, Teza Capital Management LLC purchased a new position in shares of HubSpot during the first quarter worth approximately $250,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

HubSpot, Inc. (NYSE:HUBS) traded up 0.22% during mid-day trading on Friday, reaching $68.20. 187,270 shares of the company traded hands. The firm’s 50-day moving average is $70.14 and its 200 day moving average is $65.61. The stock’s market capitalization is $2.53 billion. HubSpot, Inc. has a 52-week low of $44.90 and a 52-week high of $78.50.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $89.10 million during the quarter, compared to the consensus estimate of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The firm’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share. On average, equities research analysts expect that HubSpot, Inc. will post $0.05 earnings per share for the current year.

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HUBS has been the topic of a number of analyst reports. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, May 1st. Oppenheimer Holdings, Inc. set a $78.00 price target on shares of HubSpot and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Summit Redstone reissued a “hold” rating on shares of HubSpot in a research note on Thursday, August 3rd. Stephens restated an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of HubSpot in a report on Thursday, May 4th. Finally, Morgan Stanley lifted their price objective on shares of HubSpot from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, July 20th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. HubSpot presently has a consensus rating of “Buy” and an average target price of $72.19.

In other news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $73.95, for a total transaction of $73,950.00. Following the completion of the transaction, the insider now owns 89,874 shares of the company’s stock, valued at $6,646,182.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Kinzer sold 15,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the transaction, the chief financial officer now directly owns 92,380 shares of the company’s stock, valued at approximately $6,210,707.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,899 shares of company stock valued at $4,248,830. 18.50% of the stock is currently owned by corporate insiders.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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