Norris Perne & French LLP MI cut its holdings in HubSpot Inc (NYSE:HUBS) by 95.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,030 shares of the software maker’s stock after selling 45,192 shares during the quarter. Norris Perne & French LLP MI’s holdings in HubSpot were worth $322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in HubSpot by 17.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,835 shares of the software maker’s stock valued at $449,000 after acquiring an additional 421 shares during the period. Zeke Capital Advisors LLC grew its holdings in HubSpot by 33.3% during the 4th quarter. Zeke Capital Advisors LLC now owns 5,600 shares of the software maker’s stock valued at $888,000 after buying an additional 1,398 shares in the last quarter. Cerebellum GP LLC raised its position in shares of HubSpot by 17.0% during the fourth quarter. Cerebellum GP LLC now owns 3,491 shares of the software maker’s stock valued at $553,000 after buying an additional 508 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of HubSpot in the fourth quarter worth $219,000. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of HubSpot in the fourth quarter worth $2,378,000. Institutional investors and hedge funds own 90.89% of the company’s stock.

Shares of HUBS traded up $2.92 during midday trading on Wednesday, hitting $184.76. The stock had a trading volume of 6,414 shares, compared to its average volume of 445,943. The stock’s 50 day moving average is $162.96 and its 200 day moving average is $167.29. The firm has a market cap of $7.78 billion, a PE ratio of -140.20 and a beta of 1.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.85 and a quick ratio of 3.85. HubSpot Inc has a 1 year low of $137.30 and a 1 year high of $207.98.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. HubSpot had a negative net margin of 8.68% and a negative return on equity of 5.74%. The firm had revenue of $173.62 million during the quarter, compared to analysts’ expectations of $168.82 million. During the same period in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, equities research analysts expect that HubSpot Inc will post -0.63 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. Mizuho initiated coverage on shares of HubSpot in a research note on Thursday, January 9th. They set a “buy” rating and a $205.00 target price for the company. ValuEngine lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group reduced their price objective on HubSpot from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Raymond James reaffirmed an “outperform” rating on shares of HubSpot in a report on Wednesday, November 6th. Finally, Morgan Stanley increased their target price on HubSpot from $176.00 to $182.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. HubSpot currently has a consensus rating of “Buy” and an average target price of $185.98.

In other HubSpot news, CFO Kathryn Bueker sold 942 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $161.62, for a total value of $152,246.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $149.53, for a total value of $1,271,005.00. Following the completion of the sale, the chief executive officer now owns 712,933 shares of the company’s stock, valued at $106,604,871.49. The disclosure for this sale can be found here. Insiders have sold 17,943 shares of company stock valued at $2,756,888 over the last three months. Insiders own 8.30% of the company’s stock.

HubSpot Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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