Motley Fool Asset Management LLC Sells 89 Shares of HubSpot, Inc. (NYSE:HUBS)

Motley Fool Asset Management LLC lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 933 shares of the software maker’s stock after selling 89 shares during the quarter. Motley Fool Asset Management LLC’s holdings in HubSpot were worth $542,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of HubSpot by 40.6% during the third quarter. CWM LLC now owns 616 shares of the software maker’s stock worth $303,000 after purchasing an additional 178 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in HubSpot by 74.0% in the third quarter. Exchange Traded Concepts LLC now owns 2,574 shares of the software maker’s stock valued at $1,268,000 after acquiring an additional 1,095 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of HubSpot by 4.6% in the third quarter. Asset Management One Co. Ltd. now owns 54,144 shares of the software maker’s stock worth $26,648,000 after acquiring an additional 2,404 shares in the last quarter. Avestar Capital LLC raised its position in shares of HubSpot by 5.8% during the third quarter. Avestar Capital LLC now owns 454 shares of the software maker’s stock worth $224,000 after purchasing an additional 25 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of HubSpot by 22.0% during the third quarter. Commonwealth Equity Services LLC now owns 17,955 shares of the software maker’s stock worth $8,843,000 after purchasing an additional 3,237 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial increased their target price on HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Royal Bank of Canada upped their target price on shares of HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Piper Sandler restated an “overweight” rating and issued a $675.00 price target on shares of HubSpot in a report on Friday, April 5th. Finally, KeyCorp initiated coverage on HubSpot in a research report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $642.36.

HubSpot Trading Down 0.7 %

Shares of NYSE:HUBS opened at $631.34 on Friday. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The business has a 50 day moving average of $627.73 and a 200-day moving average of $558.66. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The stock has a market cap of $31.99 billion, a PE ratio of -177.84 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. As a group, equities research analysts forecast that HubSpot, Inc. will post -0.98 earnings per share for the current year.

Insider Activity

In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now owns 7,225 shares in the company, valued at approximately $4,407,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Dawson Alyssa Harvey sold 969 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the transaction, the insider now owns 7,225 shares in the company, valued at $4,407,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now directly owns 88,861 shares of the company’s stock, valued at approximately $56,356,534.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,362 shares of company stock valued at $14,012,491. 4.90% of the stock is owned by company insiders.

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.