Amalgamated Bank Sells 538 Shares of HubSpot, Inc. (NYSE:HUBS)

Amalgamated Bank cut its position in HubSpot, Inc. (NYSE:HUBS) by 8.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,940 shares of the software maker’s stock after selling 538 shares during the period. Amalgamated Bank’s holdings in HubSpot were worth $3,448,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Jennison Associates LLC boosted 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 acquiring an additional 696,469 shares in the last quarter. Wellington Management Group LLP raised its position in shares of HubSpot by 26.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock valued at $614,317,000 after purchasing an additional 257,632 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 552.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 241,203 shares of the software maker’s stock worth $118,792,000 after purchasing an additional 204,241 shares in the last quarter. JPMorgan Chase & Co. grew its position in HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after purchasing an additional 166,381 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in HubSpot during the 4th quarter valued at approximately $45,835,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HUBS. Barclays lowered their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. BMO Capital Markets decreased their target price on HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a report on Thursday. KeyCorp initiated coverage on shares of HubSpot in a report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price target on the stock. Finally, Canaccord Genuity Group decreased their price objective on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $637.27.

HubSpot Stock Performance

HUBS opened at $587.34 on Friday. The firm’s fifty day simple moving average is $627.54 and its two-hundred day simple moving average is $568.08. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a market cap of $29.90 billion, a price-to-earnings ratio of -165.45 and a beta of 1.57. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The firm had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. Equities analysts anticipate that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the completion of the sale, the chief executive officer now owns 88,861 shares of the company’s stock, valued at approximately $56,356,534.81. The disclosure for this sale can be found here. Insiders have sold a total of 21,393 shares of company stock worth $13,421,401 over the last quarter. 4.90% of the stock is currently owned by corporate insiders.

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.