Thrivent Financial for Lutherans Trims Holdings in HubSpot, Inc. (NYSE:HUBS)

Thrivent Financial for Lutherans trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,801 shares of the software maker’s stock after selling 3,758 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of HubSpot worth $20,765,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after purchasing an additional 13 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after acquiring an additional 15 shares during the last quarter. Amalgamated Bank increased its stake in shares of HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after acquiring an additional 16 shares during the last quarter. Avitas Wealth Management LLC increased its stake in shares of HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of HubSpot by 17.2% during the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock valued at $81,000 after acquiring an additional 17 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on HUBS. Redburn Atlantic began coverage on shares of HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Oppenheimer upped their price objective on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Royal Bank of Canada increased their target price on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and increased their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Citigroup increased their target price on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $853.32.

HubSpot Price Performance

Shares of HUBS opened at $596.87 on Friday. The business’s fifty day moving average price is $717.30 and its 200 day moving average price is $653.29. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market capitalization of $31.13 billion, a PE ratio of 6,632.60, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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%. As a group, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $721.60, for a total value of $412,755.20. Following the sale, the director now directly owns 1,125 shares of the company’s stock, valued at $811,800. This trade represents a 33.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,425 shares of company stock valued at $15,866,151 over the last three months. Company insiders own 4.50% of the company’s stock.

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.