HubSpot, Inc. (NYSE:HUBS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 36.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,269 shares of the software maker’s stock after selling 1,846 shares during the quarter. Vontobel Holding Ltd.’s holdings in HubSpot were worth $2,278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HUBS. MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the third quarter worth $25,000. HM Payson & Co. grew its stake in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Friedenthal Financial acquired a new position in shares of HubSpot during the fourth quarter worth $50,000. Finally, Crewe Advisors LLC grew its holdings in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock valued at $51,432,627 in the last ninety days. Insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

NYSE:HUBS opened at $812.44 on Monday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company has a market capitalization of $41.94 billion, a price-to-earnings ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72. The company has a 50-day moving average of $735.53 and a 200-day moving average of $622.22.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on HUBS. Truist Financial reaffirmed a “buy” rating and set a $900.00 price objective (up previously from $750.00) on shares of HubSpot in a report on Thursday. Bank of America lifted their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. UBS Group lifted their price objective on HubSpot from $740.00 to $775.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Company 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.