Stanley Laman Group Ltd. Lowers Holdings in HubSpot, Inc. (NYSE:HUBS)

Stanley Laman Group Ltd. reduced its position in HubSpot, Inc. (NYSE:HUBS) by 9.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,537 shares of the software maker’s stock after selling 254 shares during the period. Stanley Laman Group Ltd.’s holdings in HubSpot were worth $1,473,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HUBS. National Bank of Canada FI lifted its position in shares of HubSpot by 178.0% in the third quarter. National Bank of Canada FI now owns 1,601 shares of the software maker’s stock worth $764,000 after buying an additional 1,025 shares in the last quarter. CWM LLC increased its stake in HubSpot by 40.6% during the third quarter. CWM LLC now owns 616 shares of the software maker’s stock worth $303,000 after acquiring an additional 178 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in HubSpot by 74.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,574 shares of the software maker’s stock worth $1,268,000 after acquiring an additional 1,095 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in HubSpot by 4.6% during 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 during the last quarter. Finally, Avestar Capital LLC increased its stake in 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 acquiring an additional 25 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HUBS shares. Barclays boosted their price objective on HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Stifel Nicolaus boosted their price objective on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. William Blair reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 15th. Wells Fargo & Company upped their target price on HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. upped their target price on HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $642.36.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s 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 completion of the sale, the insider now directly owns 7,783 shares in the company, valued at approximately $4,811,839.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Yamini Rangan sold 8,817 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the transaction, the chief executive officer now directly owns 88,977 shares in the company, valued at approximately $55,165,740. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $618.25, for a total value of $671,419.50. Following the transaction, the insider now owns 7,783 shares in the company, valued at $4,811,839.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,362 shares of company stock worth $14,012,491. Insiders own 4.90% of the company’s stock.

HubSpot Stock Performance

HUBS traded down $4.76 on Friday, reaching $631.34. 591,062 shares of the stock were exchanged, compared to its average volume of 490,027. The company’s 50-day moving average price is $627.73 and its 200 day moving average price is $558.66. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. 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 firm has a market capitalization of $31.99 billion, a PE ratio of -177.84 and a beta of 1.58.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to analysts’ expectations of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. As a group, sell-side analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current fiscal 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.