HubSpot, Inc. (NYSE:HUBS) Shares Sold by DnB Asset Management AS

DnB Asset Management AS reduced its stake in HubSpot, Inc. (NYSE:HUBS) by 49.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,094 shares of the software maker’s stock after selling 7,803 shares during the period. DnB Asset Management AS’s holdings in HubSpot were worth $5,640,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Larson Financial Group LLC increased its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the 3rd quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in HubSpot in the fourth quarter valued at approximately $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in HubSpot during the fourth quarter worth $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Down 2.0 %

Shares of HubSpot stock opened at $581.45 on Monday. The company has a fifty day simple moving average of $705.35 and a 200-day simple moving average of $660.14. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market cap of $30.32 billion, a price-to-earnings ratio of 6,461.31, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued 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%. On average, analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,853 shares of company stock worth $15,453,396. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HUBS. Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group lifted their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Scotiabank increased their price target on shares of HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research report on Thursday, February 13th. Macquarie assumed coverage on shares of HubSpot in a report on Monday, March 24th. They issued an “outperform” rating and a $730.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

About HubSpot

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.