Qtron Investments LLC Has $1.11 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Qtron Investments LLC cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,590 shares of the software maker’s stock after selling 20 shares during the period. Qtron Investments LLC’s holdings in HubSpot were worth $1,108,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of HubSpot during the 4th quarter worth about $1,361,000. Geode Capital Management LLC grew its stake in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after purchasing an additional 19,974 shares in the last quarter. Oak Harvest Investment Services acquired a new position in shares of HubSpot during the 4th quarter worth approximately $2,065,000. Donoghue Forlines LLC bought a new stake in shares of HubSpot during the 4th quarter worth approximately $2,049,000. Finally, Mayflower Financial Advisors LLC acquired a new stake in shares of HubSpot in the 4th quarter valued at approximately $862,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 527,233 shares in the company, 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 sold a total of 19,382 shares of company stock valued at $13,415,657 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. KeyCorp raised shares of 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 note on Monday, March 24th. They issued an “outperform” rating and a $730.00 target price for the company. Jefferies Financial Group boosted their price target on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Scotiabank raised their price objective on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 13th. Finally, William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average price target of $848.58.

HubSpot Trading Up 1.7 %

Shares of NYSE HUBS opened at $527.88 on Friday. The company has a market cap of $27.53 billion, a price-to-earnings ratio of 5,866.02, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a 50-day moving average price of $652.29 and a two-hundred day moving average price of $659.74.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot 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.