HubSpot, Inc. (NYSE:HUBS) Stock Position Lessened by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC decreased its holdings in HubSpot, Inc. (NYSE:HUBS) by 35.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 334 shares of the software maker’s stock after selling 185 shares during the quarter. Catalyst Financial Partners LLC’s holdings in HubSpot were worth $233,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Avestar Capital LLC bought a new position in shares of HubSpot in the fourth quarter worth $226,000. Legato Capital Management LLC purchased a new position in shares of HubSpot in the fourth quarter worth approximately $1,951,000. Certuity LLC purchased a new position in shares of HubSpot in the fourth quarter worth approximately $227,000. Peterson Wealth Services increased its position in shares of HubSpot by 6.1% in the fourth quarter. Peterson Wealth Services now owns 1,577 shares of the software maker’s stock worth $1,099,000 after acquiring an additional 90 shares in the last quarter. Finally, First National Corp MA ADV acquired a new stake in shares of HubSpot during the fourth quarter worth approximately $240,000. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 over the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HUBS shares. Stifel Nicolaus raised their price target on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI boosted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. StockNews.com raised shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Friday. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Oppenheimer boosted their price target on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $857.75.

HubSpot Stock Performance

Shares of HUBS opened at $812.44 on Friday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The business’s 50 day moving average price is $734.12 and its two-hundred day moving average price is $619.11. The firm has a market cap of $41.94 billion, a PE ratio of -3,008.92, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. Research analysts predict that HubSpot, Inc. will post 0.42 EPS for the current fiscal 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.