Desjardins Global Asset Management Inc. Decreases Stock Position in HubSpot, Inc. (NYSE:HUBS)

Desjardins Global Asset Management Inc. lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 46.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194 shares of the software maker’s stock after selling 166 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in HubSpot were worth $113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after acquiring an additional 47 shares during the period. Quarry LP boosted its holdings in HubSpot by 333.3% in the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock worth $39,000 after acquiring an additional 70 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in shares of HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after buying an additional 21 shares during the last quarter. Alta Advisers Ltd purchased a new position in shares of HubSpot during the 3rd quarter valued at approximately $49,000. Finally, CVA Family Office LLC purchased a new position in shares of HubSpot during the 4th quarter valued at approximately $58,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and set a $525.00 target price on shares of HubSpot in a research note on Thursday, February 15th. Wolfe Research increased their target price on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. KeyCorp assumed coverage on HubSpot in a research note on Thursday, March 21st. They set an “underweight” rating and a $520.00 target price for the company. Needham & Company LLC increased their target price on HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada increased their target price on HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $642.36.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the transaction, the chief executive officer now directly owns 88,861 shares of the company’s stock, valued at $56,356,534.81. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold a total of 22,362 shares of company stock worth $14,012,491 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.

HubSpot Stock Down 2.8 %

Shares of NYSE HUBS opened at $631.64 on Friday. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85. The firm’s 50-day simple moving average is $625.12 and its 200 day simple moving average is $552.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The business had revenue of $581.91 million for the quarter, compared to analysts’ expectations of $557.48 million. On average, equities research analysts predict that HubSpot, Inc. will post -0.98 EPS for the current 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.