Knights of Columbus Asset Advisors LLC Reduces Position in HubSpot, Inc. (NYSE:HUBS)

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 53.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,297 shares of the software maker’s stock after selling 1,507 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in HubSpot were worth $904,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the third quarter valued at approximately $25,000. Larson Financial Group LLC boosted its position 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 period. MassMutual Private Wealth & Trust FSB lifted its holdings in HubSpot by 73.1% during the 4th 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 in the last quarter. Bank of Jackson Hole Trust purchased a new stake in HubSpot in the 4th quarter valued at about $35,000. Finally, Friedenthal Financial purchased a new stake in HubSpot in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction 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 sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction 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 sale, the insider now owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,425 shares of company stock worth $15,866,151 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on HUBS. Morgan Stanley boosted their price objective on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Jefferies Financial Group boosted their price objective on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Oppenheimer boosted their price objective on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. BMO Capital Markets boosted their price objective on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $853.32.

HubSpot Trading Up 1.1 %

Shares of HubSpot stock opened at $604.89 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month 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. The firm’s 50 day simple moving average is $715.33 and its two-hundred day simple moving average is $655.14.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that HubSpot, Inc. will post 1.01 EPS 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.