Cinctive Capital Management LP Has $12.94 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Cinctive Capital Management LP trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 46.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,568 shares of the software maker’s stock after selling 15,807 shares during the period. Cinctive Capital Management LP’s holdings in HubSpot were worth $12,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC lifted its stake in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the period. 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 worth $31,000 after purchasing an additional 19 shares during the period. Bank of Jackson Hole Trust bought a new stake in HubSpot in the fourth quarter valued at about $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in HubSpot in the fourth quarter valued at about $36,000. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. The trade was 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 firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,853 shares of company stock worth $15,453,396. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HUBS. Needham & Company LLC upped their target price on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group upped their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets lifted their target price on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their price target on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley lifted their price objective on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $848.58.

HubSpot Stock Performance

NYSE:HUBS opened at $582.30 on Wednesday. The company has a market cap of $30.37 billion, a price-to-earnings ratio of 6,470.73, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a fifty day moving average price of $699.84 and a 200-day moving average price of $661.33.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Research 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.