HubSpot, Inc. (NYSE:HUBS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in HubSpot, Inc. (NYSE:HUBS) by 44.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,375 shares of the software maker’s stock after selling 1,934 shares during the quarter. Mackenzie Financial Corp’s holdings in HubSpot were worth $1,379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after purchasing an additional 47 shares during the period. Alta Advisers Ltd purchased a new position in shares of HubSpot during the 3rd quarter worth $49,000. Hazlett Burt & Watson Inc. grew its holdings in shares of HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after purchasing an additional 21 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of HubSpot by 50.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker’s stock worth $57,000 after purchasing an additional 39 shares during the period. Finally, CVA Family Office LLC purchased a new position in shares of HubSpot during the 4th quarter worth $58,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on 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 owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The transaction was disclosed in a filing with the SEC, which is available at this link. In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the transaction, the insider now owns 7,225 shares of the company’s stock, valued at $4,407,250. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on 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 transaction, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold a total of 22,362 shares of company stock valued at $14,012,491 over the last quarter. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the subject of a number of research analyst reports. Scotiabank increased their price target on HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a report on Friday, April 5th. BMO Capital Markets raised their target price on HubSpot from $540.00 to $710.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Truist Financial raised their target price on HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, February 15th. TheStreet upgraded HubSpot from a “d+” rating to a “c-” rating in a report on Thursday, January 4th. Finally, Needham & Company LLC raised their target price on HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot Price Performance

Shares of NYSE HUBS opened at $651.44 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85. The firm has a market capitalization of $33.01 billion, a PE ratio of -183.50 and a beta of 1.58. The stock’s 50-day simple moving average is $626.83 and its 200-day simple moving average is $557.12.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share 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 business had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. As a group, equities research analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

HubSpot 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.