Sei Investments Co. Sells 1,155 Shares of HubSpot, Inc. (NYSE:HUBS)

Sei Investments Co. cut its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,585 shares of the software maker’s stock after selling 1,155 shares during the quarter. Sei Investments Co.’s holdings in HubSpot were worth $38,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Intech Investment Management LLC raised its position in shares of HubSpot by 14.9% during the 3rd quarter. Intech Investment Management LLC now owns 2,788 shares of the software maker’s stock valued at $1,482,000 after buying an additional 362 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in HubSpot by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker’s stock valued at $103,416,000 after purchasing an additional 4,331 shares in the last quarter. Citigroup Inc. lifted its stake in HubSpot by 17.4% during the third quarter. Citigroup Inc. now owns 26,285 shares of the software maker’s stock worth $13,973,000 after purchasing an additional 3,895 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of HubSpot by 16.4% in the 3rd quarter. Penserra Capital Management LLC now owns 3,380 shares of the software maker’s stock worth $1,795,000 after purchasing an additional 476 shares in the last quarter. Finally, Swedbank AB increased its position in shares of HubSpot by 1.7% during the 3rd quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock valued at $14,014,000 after purchasing an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,425 shares of company stock valued at $15,866,151. 4.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HUBS. Citigroup boosted their target price on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Macquarie assumed coverage on shares of HubSpot in a research note on Monday. They issued an “outperform” rating and a $730.00 price objective for the company. Needham & Company LLC boosted their price target on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and upped their price target for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, BMO Capital Markets lifted their price objective on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $848.58.

HubSpot Price Performance

HUBS stock opened at $626.39 on Tuesday. The firm has a 50-day moving average of $713.86 and a 200 day moving average of $657.13. The company has a market cap of $32.67 billion, a P/E ratio of 6,960.61, a PEG ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal 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.