Motley Fool Asset Management LLC Sells 89 Shares of HubSpot, Inc. (NYSE:HUBS)

Motley Fool Asset Management LLC cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 8.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 933 shares of the software maker’s stock after selling 89 shares during the quarter. Motley Fool Asset Management LLC’s holdings in HubSpot were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Rakuten Securities Inc. bought a new stake in shares of HubSpot in the fourth quarter worth approximately $29,000. Venturi Wealth Management LLC raised its stake in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after buying an additional 69 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in shares of HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after buying an additional 21 shares during the last quarter. Finally, Alta Advisers Ltd bought a new stake in shares of HubSpot in the third quarter worth $49,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Performance

NYSE:HUBS opened at $631.34 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The stock’s 50 day simple moving average is $627.73 and its two-hundred day simple moving average is $558.66. The company has a market cap of $31.99 billion, a price-to-earnings ratio of -177.84 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million for the quarter, compared to analyst estimates 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, equities analysts anticipate that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial raised their target price on HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Scotiabank lifted their price target on shares of HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a research note on Friday, April 5th. Canaccord Genuity Group upped 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 raised their target price on HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a report 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 given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $642.36.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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 sale, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,874 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the completion of the transaction, the chief executive officer now directly owns 74,784 shares in the company, valued at approximately $46,898,542.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,362 shares of company stock valued at $14,012,491. Company insiders own 4.90% of the company’s stock.

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.