Fiera Capital Corp Sells 3,279 Shares of HubSpot, Inc. (NYSE:HUBS)

Fiera Capital Corp cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 112,337 shares of the software maker’s stock after selling 3,279 shares during the period. Fiera Capital Corp’s holdings in HubSpot were worth $78,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares during the period. Geode Capital Management LLC boosted its stake in shares of HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after acquiring an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after purchasing an additional 86,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after acquiring an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP grew its position in shares of HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after purchasing an additional 47,736 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Trading Up 0.0 %

NYSE HUBS opened at $784.84 on Thursday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $811.79. The stock has a market cap of $40.51 billion, a P/E ratio of -2,906.71, a P/E/G ratio of 43.94 and a beta of 1.72. The company has a fifty day simple moving average of $731.91 and a two-hundred day simple moving average of $616.53.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock worth $51,432,627 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Citigroup upped their target price on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and raised their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Morgan Stanley lifted their target price on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Mizuho boosted their price target on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $747.92.

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.