Townsquare Capital LLC Has $387,000 Position in HubSpot, Inc. (NYSE:HUBS)

Townsquare Capital LLC lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 556 shares of the software maker’s stock after selling 112 shares during the period. Townsquare Capital LLC’s holdings in HubSpot were worth $387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot during the 3rd quarter valued at approximately $25,000. Oddo BHF Asset Management Sas acquired a new stake in shares of HubSpot during the third quarter worth $740,000. GAMMA Investing LLC raised its stake in HubSpot by 16.9% during the fourth quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after buying an additional 32 shares during the last quarter. Everence Capital Management Inc. acquired a new position in HubSpot in the fourth quarter valued at $1,010,000. Finally, Nordea Investment Management AB boosted its position in HubSpot by 7.7% during the fourth quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock valued at $2,987,000 after acquiring an additional 306 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

HubSpot stock opened at $538.98 on Monday. The stock has a market cap of $28.11 billion, a PE ratio of 5,989.35, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm’s 50-day simple moving average is $627.88 and its 200 day simple moving average is $661.10.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of several research analyst reports. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group raised HubSpot from a “neutral” rating to a “buy” rating and dropped their price target for the company from $775.00 to $675.00 in a research note on Tuesday, April 15th. Royal Bank of Canada raised their price objective on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Jefferies Financial Group dropped their target price on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company raised their price target on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $818.04.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,882 shares of company stock valued at $17,993,757. 4.50% of the stock is owned by insiders.

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.