Xponance Inc. Sells 320 Shares of HubSpot, Inc. (NYSE:HUBS)

Xponance Inc. decreased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 4.8% during the fourth quarter, Holdings Channel reports. The fund owned 6,302 shares of the software maker’s stock after selling 320 shares during the period. Xponance Inc.’s holdings in HubSpot were worth $3,659,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HUBS. Jennison Associates LLC raised its holdings in HubSpot by 728.0% in the third quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock worth $390,126,000 after purchasing an additional 696,469 shares in the last quarter. Durable Capital Partners LP purchased a new stake in shares of HubSpot in the 1st quarter worth about $283,913,000. Norges Bank bought a new position in shares of HubSpot in the 4th quarter worth about $141,314,000. Clearbridge Investments LLC lifted its position in HubSpot by 33.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock valued at $535,934,000 after acquiring an additional 284,039 shares during the period. Finally, Wellington Management Group LLP boosted its stake in HubSpot by 26.0% during the third quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after acquiring an additional 257,632 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $634.21, for a total value of $73,568.36. Following the transaction, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders sold a total of 22,362 shares of company stock worth $14,012,491 over the last quarter. 4.90% of the stock is currently owned by corporate insiders.

HubSpot Trading Down 2.8 %

Shares of NYSE:HUBS opened at $631.24 on Monday. HubSpot, Inc. has a 52-week low of $399.48 and a 52-week high of $693.85. The stock has a market capitalization of $31.98 billion, a price-to-earnings ratio of -177.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The stock’s 50-day simple moving average is $625.12 and its two-hundred day simple moving average is $554.08.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The firm had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. Analysts expect that HubSpot, Inc. will post -0.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. Canaccord Genuity Group boosted their target price on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Scotiabank raised their price target on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. Finally, Needham & Company LLC lifted their price target on HubSpot from $630.00 to $730.00 and gave the stock a “buy” rating in a research 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 given a buy rating to the stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $642.36.

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.