Insigneo Advisory Services LLC Reduces Holdings in HubSpot, Inc. (NYSE:HUBS)

Insigneo Advisory Services LLC lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 35.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 333 shares of the software maker’s stock after selling 180 shares during the period. Insigneo Advisory Services LLC’s holdings in HubSpot were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in HUBS. B.O.S.S. Retirement Advisors LLC purchased a new position in HubSpot during the 4th quarter worth approximately $1,361,000. Oak Harvest Investment Services purchased a new stake in HubSpot in the 4th quarter valued at $2,065,000. Donoghue Forlines LLC acquired a new stake in HubSpot during the 4th quarter worth $2,049,000. Mayflower Financial Advisors LLC acquired a new position in HubSpot in the fourth quarter valued at $862,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of HubSpot by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock valued at $2,262,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HUBS. KeyCorp upgraded 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. Macquarie assumed coverage on shares of HubSpot in a research report on Monday, March 24th. They issued an “outperform” rating and a $730.00 price objective on the stock. Raymond James raised their target price on shares of HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Needham & Company LLC raised their price objective on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Scotiabank boosted their target price on HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $818.04.

HubSpot Price Performance

Shares of HubSpot stock opened at $538.98 on Friday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The business has a 50 day moving average price of $627.88 and a 200 day moving average price of $659.10. The company has a market capitalization of $28.11 billion, a P/E ratio of 5,989.35, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last released its quarterly 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value 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 $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,882 shares of company stock worth $17,993,757. Corporate 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.