CIBC Private Wealth Group LLC Has $97.23 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

CIBC Private Wealth Group LLC decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,054 shares of the software maker’s stock after selling 3,501 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.27% of HubSpot worth $97,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in HubSpot during the fourth quarter valued at approximately $420,345,000. Wellington Management Group LLP grew its stake in HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares during the last quarter. Raymond James Financial Inc. acquired a new position in HubSpot in the 4th quarter valued at $157,019,000. Wealthfront Advisers LLC raised its holdings in HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after acquiring an additional 129,357 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in HubSpot during the 4th quarter worth $79,135,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a research report on Thursday, February 13th. Morgan Stanley lifted their price target on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and increased their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Bank of America increased their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $848.58.

HubSpot Price Performance

NYSE HUBS opened at $581.45 on Monday. The stock’s 50 day simple moving average is $705.35 and its 200 day simple moving average is $660.14. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap of $30.32 billion, a PE ratio of 6,461.31, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the firm’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 $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now owns 524,751 shares of the company’s stock, 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 sold 21,853 shares of company stock worth $15,453,396 in the last quarter. Insiders own 4.50% 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.