Magnetar Financial LLC Cuts Position in HubSpot, Inc. (NYSE:HUBS)

Magnetar Financial LLC cut its stake in HubSpot, Inc. (NYSE:HUBS) by 91.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 938 shares of the software maker’s stock after selling 9,940 shares during the period. Magnetar Financial LLC’s holdings in HubSpot were worth $654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the third quarter valued at about $25,000. Larson Financial Group LLC grew its stake in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake 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 valued at $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of HubSpot during the fourth quarter valued at about $35,000. Finally, Friedenthal Financial bought a new position in shares of HubSpot during the fourth quarter valued at about $50,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Kathryn Bueker sold 1,796 shares of the business’s 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 $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at $27,053,310.40. The trade was a 4.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s 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 owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,425 shares of company stock worth $15,866,151. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HUBS. BMO Capital Markets raised their price objective on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Oppenheimer raised their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Jefferies Financial Group raised their price objective on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. William Blair reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Bank of America raised their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $853.32.

HubSpot Stock Performance

HUBS stock opened at $604.89 on Friday. The firm has a 50 day moving average price of $715.33 and a 200-day moving average price of $654.03. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The firm has a market capitalization of $31.55 billion, a price-to-earnings ratio of 6,721.75, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last released its 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.