Mackenzie Financial Corp Cuts Stake in HubSpot, Inc. (NYSE:HUBS)

Mackenzie Financial Corp trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS) by 44.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,375 shares of the software maker’s stock after selling 1,934 shares during the quarter. Mackenzie Financial Corp’s holdings in HubSpot were worth $1,379,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Strs Ohio boosted its holdings in shares of HubSpot by 1,203.0% during the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock valued at $11,611,000 after acquiring an additional 18,466 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of HubSpot during the 4th quarter valued at about $881,000. Simplicity Solutions LLC boosted its holdings in shares of HubSpot by 5.1% during the 4th quarter. Simplicity Solutions LLC now owns 724 shares of the software maker’s stock valued at $420,000 after acquiring an additional 35 shares during the last quarter. Baystate Wealth Management LLC purchased a new stake in shares of HubSpot during the 4th quarter valued at about $168,000. Finally, Cerity Partners LLC boosted its holdings in shares of HubSpot by 26.8% during the 4th quarter. Cerity Partners LLC now owns 2,598 shares of the software maker’s stock valued at $1,508,000 after acquiring an additional 549 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the sale, the insider now directly owns 7,783 shares of the company’s stock, valued at $4,811,839.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at $55,165,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares of the company’s stock, valued at $4,811,839.75. The disclosure for this sale can be found here. Insiders sold 22,362 shares of company stock valued at $14,012,491 over the last three months. 4.90% of the stock is owned by company insiders.

HubSpot Trading Down 0.1 %

HubSpot stock opened at $651.44 on Thursday. The stock has a market cap of $33.01 billion, a P/E ratio of -183.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. HubSpot, Inc. has a 1 year low of $399.48 and a 1 year high of $693.85. The firm’s 50 day moving average price is $626.83 and its 200-day moving average price is $557.12.

HubSpot (NYSE:HUBS) last posted its earnings results 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. The firm had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. On average, equities analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

HUBS has been the topic of a number of recent analyst reports. Wolfe Research raised their price target on shares of HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Royal Bank of Canada raised their price objective on shares of HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Canaccord Genuity Group raised their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 5th. William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 15th. Finally, BMO Capital Markets raised their price objective on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.36.

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.