Cibc World Markets Corp Has $1.54 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Cibc World Markets Corp lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 21.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,208 shares of the software maker’s stock after selling 613 shares during the quarter. Cibc World Markets Corp’s holdings in HubSpot were worth $1,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the third quarter valued at $25,000. Larson Financial Group LLC raised its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in HubSpot during the fourth quarter worth about $35,000. Finally, Friedenthal Financial acquired a new position in HubSpot during the fourth quarter worth approximately $50,000. 90.39% of the stock is owned by institutional investors.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 1,796 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 $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,425 shares of company stock valued at $15,866,151. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer raised their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Morgan Stanley raised their price target on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. The Goldman Sachs Group increased their price objective on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group lifted their target price on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Canaccord Genuity Group increased their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $853.32.

HubSpot Stock Performance

Shares of HUBS stock opened at $604.89 on Friday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock’s fifty day moving average price is $715.33 and its two-hundred day moving average price is $654.03. The company has a market cap of $31.55 billion, a PE ratio of 6,721.75, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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, equities analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.