Valeo Financial Advisors LLC Cuts Holdings in HubSpot, Inc. (NYSE:HUBS)

Valeo Financial Advisors LLC reduced its holdings in HubSpot, Inc. (NYSE:HUBSFree Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 824 shares of the software maker’s stock after selling 164 shares during the quarter. Valeo Financial Advisors LLC’s holdings in HubSpot were worth $478,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. grew its stake in HubSpot by 11.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker’s stock valued at $631,000 after acquiring an additional 127 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $2,312,000. Pathstone Family Office LLC acquired a new stake in shares of HubSpot in the third quarter valued at approximately $677,000. JPMorgan Chase & Co. increased its stake in shares of HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after purchasing an additional 166,381 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of HubSpot by 118.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 58,409 shares of the software maker’s stock worth $33,909,000 after purchasing an additional 31,688 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $555.84, for a total value of $4,724,640.00. Following the completion of the transaction, the insider now owns 536,811 shares in the company, valued at approximately $298,381,026.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total value of $4,724,640.00. Following the transaction, the insider now owns 536,811 shares in the company, valued at approximately $298,381,026.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 969 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $610.00, for a total transaction of $591,090.00. Following the completion of the transaction, the insider now directly owns 7,225 shares of the company’s stock, valued at $4,407,250. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,362 shares of company stock worth $13,329,601. 4.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HUBS has been the topic of a number of analyst reports. Scotiabank increased their target price on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. Truist Financial boosted their target price on shares of HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Needham & Company LLC raised their price target on shares of HubSpot from $630.00 to $730.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, UBS Group reiterated a “neutral” rating and set a $525.00 price target on shares of HubSpot in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

Check Out Our Latest Stock Analysis on HUBS

HubSpot Stock Performance

Shares of HUBS stock opened at $663.35 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The company’s fifty day simple moving average is $623.25 and its 200-day simple moving average is $548.69. HubSpot, Inc. has a 52 week low of $399.48 and a 52 week high of $693.85.

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

About HubSpot

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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