Cresset Asset Management LLC Has $2.52 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Cresset Asset Management LLC lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 41.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,617 shares of the software maker’s stock after selling 2,609 shares during the quarter. Cresset Asset Management LLC’s holdings in HubSpot were worth $2,520,000 at the end of the most recent quarter.

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

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Jefferies Financial Group lowered their price target on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group reduced their price objective on shares of HubSpot from $900.00 to $795.00 and set a “buy” rating on the stock in a research note on Friday. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Mizuho reduced their price target on shares of HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $772.56.

HubSpot Trading Down 8.8 %

NYSE:HUBS opened at $602.31 on Friday. The stock has a market capitalization of $31.70 billion, a PE ratio of 6,693.08, a P/E/G ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The firm has a fifty day simple moving average of $584.93 and a 200 day simple moving average of $666.55.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 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, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.