Gilder Gagnon Howe & Co. LLC Decreases Stock Holdings in HubSpot, Inc. $HUBS

Gilder Gagnon Howe & Co. LLC reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 9.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,906 shares of the software maker’s stock after selling 18,267 shares during the quarter. HubSpot accounts for approximately 1.0% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its 25th largest holding. Gilder Gagnon Howe & Co. LLC owned 0.33% of HubSpot worth $97,914,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HUBS. Whittier Trust Co. boosted its stake in shares of HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Hilltop National Bank purchased a new position in HubSpot in the 2nd quarter valued at approximately $32,000. Osterweis Capital Management Inc. acquired a new position in HubSpot during the second quarter worth $34,000. Atlantic Union Bankshares Corp purchased a new stake in HubSpot during the second quarter worth $39,000. Finally, Golden State Wealth Management LLC boosted its position in HubSpot by 1,057.1% during the second quarter. Golden State Wealth Management LLC now owns 81 shares of the software maker’s stock worth $45,000 after purchasing an additional 74 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the transaction, the chief financial officer directly owned 38,794 shares in the company, valued at approximately $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $368.11, for a total value of $3,128,935.00. Following the completion of the sale, the director directly owned 504,966 shares in the company, valued at approximately $185,883,034.26. The trade was a 1.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 28,502 shares of company stock worth $12,745,570. 4.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HUBS. Sanford C. Bernstein upgraded HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target for the company in a research report on Wednesday, September 3rd. Argus dropped their target price on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a report on Thursday, November 20th. KeyCorp cut their target price on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Evercore ISI set a $500.00 price target on shares of HubSpot in a report on Thursday, November 6th. Finally, BMO Capital Markets lowered their price target on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $617.23.

HubSpot Stock Performance

Shares of HUBS opened at $375.41 on Friday. HubSpot, Inc. has a 1 year low of $344.41 and a 1 year high of $881.13. The company’s 50 day simple moving average is $416.55 and its 200 day simple moving average is $484.17. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of -4,692.60, a PEG ratio of 13.13 and a beta of 1.46.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The firm had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. During the same period in the previous year, the company earned $2.18 EPS. HubSpot’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot Company 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.