Corient Private Wealth LLC Reduces Position in HubSpot, Inc. (NYSE:HUBS)

Corient Private Wealth LLC lowered its position in HubSpot, Inc. (NYSE:HUBS) by 1.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,576 shares of the software maker’s stock after selling 48 shares during the period. Corient Private Wealth LLC’s holdings in HubSpot were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HUBS. Larson Financial Group LLC raised its position in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot during the fourth quarter worth about $35,000. Finally, Friedenthal Financial purchased a new position in shares of HubSpot during the fourth quarter worth about $50,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,425 shares of company stock valued at $15,866,151 over the last quarter. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

HUBS stock opened at $626.39 on Tuesday. The company’s 50 day simple moving average is $713.86 and its 200-day simple moving average is $657.13. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a market capitalization of $32.67 billion, a PE ratio of 6,960.61, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on HUBS. Wells Fargo & Company upped their price objective on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. StockNews.com cut HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Royal Bank of Canada lifted their price objective on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Citigroup upped their price objective on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group lifted their target price on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $848.58.

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.