HubSpot, Inc. (NYSE:HUBS) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1.2% during the 4th quarter, Holdings Channel reports. The fund owned 5,227 shares of the software maker’s stock after selling 64 shares during the period. Impax Asset Management Group plc’s holdings in HubSpot were worth $3,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the stock. Sequoia Financial Advisors LLC raised its stake in shares of HubSpot by 16.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker’s stock worth $367,000 after purchasing an additional 100 shares in the last quarter. Ballentine Partners LLC grew its holdings in HubSpot by 8.5% during the 3rd quarter. Ballentine Partners LLC now owns 539 shares of the software maker’s stock worth $287,000 after acquiring an additional 42 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in HubSpot by 34.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,334 shares of the software maker’s stock worth $3,395,000 after acquiring an additional 1,626 shares during the period. Forsta AP Fonden grew its holdings in HubSpot by 11.5% during the 3rd quarter. Forsta AP Fonden now owns 10,700 shares of the software maker’s stock worth $5,688,000 after acquiring an additional 1,100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in HubSpot by 50.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker’s stock worth $1,699,000 after acquiring an additional 1,073 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HUBS. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Scotiabank boosted their price objective on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Piper Sandler lifted their price target on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Morgan Stanley lifted their target price on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and lifted their target price for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Price Performance

Shares of HUBS opened at $723.26 on Tuesday. The firm has a market cap of $37.72 billion, a P/E ratio of 8,037.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a 50 day simple moving average of $739.45 and a two-hundred day simple moving average of $635.73.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.