Sei Investments Co. Sells 16,359 Shares of HubSpot, Inc. (NYSE:HUBS)

Sei Investments Co. cut its holdings in HubSpot, Inc. (NYSE:HUBSFree Report) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,708 shares of the software maker’s stock after selling 16,359 shares during the period. Sei Investments Co. owned approximately 0.18% of HubSpot worth $52,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Hsbc Holdings PLC boosted its stake in HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after acquiring an additional 2,057 shares in the last quarter. Stifel Financial Corp boosted its position in shares of HubSpot by 15.1% during the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after purchasing an additional 4,371 shares in the last quarter. Strs Ohio grew its stake in shares of HubSpot by 1,203.0% in the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock valued at $11,611,000 after buying an additional 18,466 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of HubSpot by 19.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after buying an additional 3,671 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in HubSpot in the 4th quarter valued at about $2,312,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Price Performance

Shares of NYSE HUBS opened at $595.66 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The stock has a fifty day moving average of $621.70 and a 200-day moving average of $595.97.

HubSpot (NYSE:HUBSGet Free Report) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The business had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. Sell-side analysts forecast that HubSpot, Inc. will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 2,191 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total value of $1,424,150.00. Following the completion of the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $29,729,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the business’s 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 completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 2,191 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total transaction of $1,424,150.00. Following the completion of the transaction, the chief financial officer now owns 45,737 shares in the company, valued at $29,729,050. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,353 shares of company stock valued at $12,845,623. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, May 9th. Citigroup dropped their target price on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 15th. Royal Bank of Canada increased their price target on HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, UBS Group reiterated a “neutral” rating and set a $525.00 price target on shares of HubSpot 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-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $641.00.

Check Out Our Latest Stock Analysis on HUBS

About HubSpot

(Free Report)

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.

See Also

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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