Raymond James & Associates Cuts Holdings in HubSpot, Inc. (NYSE:HUBS)

Raymond James & Associates lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,634 shares of the software maker’s stock after selling 13,869 shares during the period. Raymond James & Associates owned 0.13% of HubSpot worth $37,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP lifted its stake in shares of HubSpot by 333.3% during the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Alta Advisers Ltd bought a new stake in shares of HubSpot in the 3rd quarter valued at about $49,000. KB Financial Partners LLC purchased a new position in shares of HubSpot in the 1st quarter worth approximately $49,000. C M Bidwell & Associates Ltd. purchased a new stake in HubSpot during the second quarter valued at approximately $55,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in HubSpot by 50.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker’s stock valued at $57,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HUBS. JPMorgan Chase & Co. increased their price objective on HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Evercore ISI upped their price objective on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a report on Thursday, February 15th. BMO Capital Markets lifted their target price on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Royal Bank of Canada raised their price target on shares of HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Wolfe Research upped their target price on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $628.50.

HubSpot Stock Up 0.5 %

Shares of NYSE HUBS opened at $626.36 on Friday. HubSpot, Inc. has a 52-week low of $390.22 and a 52-week high of $660.00. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $610.89 and its 200-day simple moving average is $536.16. The firm has a market cap of $31.74 billion, a price-to-earnings ratio of -176.44 and a beta of 1.59.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million during the quarter, compared to analysts’ expectations of $557.48 million. Equities analysts predict that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total value of $4,724,640.00. Following the transaction, the insider now directly owns 536,811 shares of the company’s stock, valued at $298,381,026.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $555.84, for a total transaction of $4,724,640.00. Following the transaction, the insider now owns 536,811 shares in the company, valued at $298,381,026.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 969 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now owns 7,225 shares of the company’s stock, valued at $4,407,250. The disclosure for this sale can be found here. Insiders have sold a total of 19,488 shares of company stock valued at $11,527,258 in the last 90 days. 4.90% 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.