Partners Capital Investment Group LLP Has $2.63 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Partners Capital Investment Group LLP lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 56.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,772 shares of the software maker’s stock after selling 4,848 shares during the quarter. Partners Capital Investment Group LLP’s holdings in HubSpot were worth $2,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HUBS. Creative Planning increased its position in HubSpot by 10.7% during the 3rd quarter. Creative Planning now owns 6,706 shares of the software maker’s stock valued at $3,565,000 after purchasing an additional 650 shares during the period. V Square Quantitative Management LLC increased its position in HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after purchasing an additional 27 shares during the period. Blue Trust Inc. increased its position in HubSpot by 57.9% during the 3rd quarter. Blue Trust Inc. now owns 720 shares of the software maker’s stock valued at $425,000 after purchasing an additional 264 shares during the period. Fortis Group Advisors LLC increased its position in HubSpot by 4.2% during the 3rd quarter. Fortis Group Advisors LLC now owns 1,203 shares of the software maker’s stock valued at $640,000 after purchasing an additional 49 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of HubSpot by 16.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker’s stock worth $367,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of several recent analyst reports. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Piper Sandler raised their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets raised their price objective on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday. 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. Finally, Needham & Company LLC raised their price objective on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is owned by insiders.

HubSpot Stock Down 0.9 %

HUBS opened at $812.44 on Monday. The firm’s fifty day moving average price is $735.53 and its two-hundred day moving average price is $622.22. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

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

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.