HubSpot, Inc. (NYSE:HUBS) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC decreased its holdings in HubSpot, Inc. (NYSE:HUBS) by 25.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 581 shares of the software maker’s stock after selling 200 shares during the period. Welch & Forbes LLC’s holdings in HubSpot were worth $337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. grew its position in HubSpot by 11.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker’s stock valued at $631,000 after acquiring an additional 127 shares during the period. Strs Ohio lifted its stake in shares of HubSpot by 1,203.0% in the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock valued at $11,611,000 after purchasing an additional 18,466 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of HubSpot by 19.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock worth $13,089,000 after purchasing an additional 3,671 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of HubSpot during the 4th quarter worth about $2,312,000. Finally, Pathstone Family Office LLC acquired a new stake in HubSpot during the 3rd quarter worth approximately $677,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Down 2.9 %

NYSE:HUBS traded down $17.68 during mid-day trading on Wednesday, reaching $597.78. The stock had a trading volume of 329,937 shares, compared to its average volume of 492,630. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The stock’s 50 day simple moving average is $628.65 and its two-hundred day simple moving average is $567.79. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85. The company has a market capitalization of $30.43 billion, a price-to-earnings ratio of -167.39 and a beta of 1.57.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping 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 company had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. Equities analysts anticipate that HubSpot, Inc. will post -0.98 EPS for the current year.

Analyst Ratings Changes

HUBS has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of HubSpot from $540.00 to $710.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Piper Sandler restated an “overweight” rating and set a $675.00 target price on shares of HubSpot in a report on Friday, April 5th. UBS Group reiterated a “neutral” rating and issued a $525.00 price target on shares of HubSpot in a report on Thursday, February 15th. Canaccord Genuity Group boosted their price objective on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, The Goldman Sachs Group increased their target price on HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $642.36.

Insiders Place Their Bets

In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the sale, the insider now owns 7,783 shares of the company’s stock, valued at approximately $4,811,839.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Dawson Alyssa Harvey sold 1,086 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the sale, the insider now directly owns 7,783 shares in the company, valued at approximately $4,811,839.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders sold a total of 21,393 shares of company stock valued at $13,421,401 over the last 90 days. 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.