HubSpot, Inc. (NYSE:HUBS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in HubSpot, Inc. (NYSE:HUBS) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 34,077 shares of the software maker’s stock after selling 4,260 shares during the quarter. Victory Capital Management Inc.’s holdings in HubSpot were worth $19,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in HUBS. HB Wealth Management LLC increased its position in shares of HubSpot by 3.5% in the fourth quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock valued at $326,000 after buying an additional 19 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in HubSpot by 0.7% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock worth $1,671,000 after acquiring an additional 20 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after acquiring an additional 21 shares during the period. Quantum Private Wealth LLC lifted its holdings in HubSpot by 0.5% during the fourth quarter. Quantum Private Wealth LLC now owns 4,220 shares of the software maker’s stock valued at $2,450,000 after purchasing an additional 21 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of HubSpot by 21.9% in the fourth quarter. Lindbrook Capital LLC now owns 117 shares of the software maker’s stock valued at $68,000 after purchasing an additional 21 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wolfe Research upped their price target on shares of HubSpot from $660.00 to $715.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. KeyCorp started coverage on HubSpot in a research report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 target price on the stock. TD Cowen dropped their price target on HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group restated a “neutral” rating and issued a $525.00 price objective on shares of HubSpot in a report on Thursday, February 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of HubSpot in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $637.27.

Insider Buying and Selling

In other HubSpot news, insider Dawson Alyssa Harvey sold 1,086 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $618.25, for a total value of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares of the company’s stock, valued at approximately $4,811,839.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the completion of the transaction, the chief executive officer now owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the transaction, the insider now owns 7,783 shares of the company’s stock, valued at approximately $4,811,839.75. The disclosure for this sale can be found here. Insiders have sold a total of 21,393 shares of company stock valued at $13,421,401 in the last ninety days. Company insiders own 4.90% of the company’s stock.

HubSpot Trading Down 0.5 %

HUBS opened at $587.34 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The firm has a market cap of $29.90 billion, a P/E ratio of -165.45 and a beta of 1.57. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The business has a fifty day simple moving average of $627.54 and a 200-day simple moving average of $568.08.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to analysts’ expectations of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. On average, equities analysts expect that HubSpot, Inc. will post -0.98 earnings per share for the current year.

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.