Wrapmanager Inc. Has $612,000 Position in HubSpot, Inc. (NYSE:HUBS)

Wrapmanager Inc. trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 13.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 878 shares of the software maker’s stock after selling 136 shares during the period. Wrapmanager Inc.’s holdings in HubSpot were worth $612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in HubSpot by 16.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker’s stock worth $367,000 after buying an additional 100 shares during the period. Ballentine Partners LLC raised its position in shares of HubSpot by 8.5% during the third quarter. Ballentine Partners LLC now owns 539 shares of the software maker’s stock worth $287,000 after purchasing an additional 42 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of HubSpot by 34.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,334 shares of the software maker’s stock valued at $3,395,000 after purchasing an additional 1,626 shares in the last quarter. Forsta AP Fonden grew its position in shares of HubSpot by 11.5% in the 3rd quarter. Forsta AP Fonden now owns 10,700 shares of the software maker’s stock valued at $5,688,000 after purchasing an additional 1,100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in HubSpot by 50.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker’s stock worth $1,699,000 after purchasing an additional 1,073 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 0.4 %

Shares of NYSE HUBS opened at $723.26 on Tuesday. The firm’s 50-day moving average price is $739.45 and its 200-day moving average price is $635.73. The firm has a market capitalization of $37.72 billion, a P/E ratio of 8,037.08, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 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%. Equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HUBS shares. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price target on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. StockNews.com upgraded HubSpot from a “hold” rating to a “buy” rating in a report on Friday, February 14th. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

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.