Spouting Rock Asset Management LLC Sells 1,121 Shares of HubSpot, Inc. (NYSE:HUBS)

Spouting Rock Asset Management LLC trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBSFree Report) by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,677 shares of the software maker’s stock after selling 1,121 shares during the period. HubSpot comprises about 0.8% of Spouting Rock Asset Management LLC’s portfolio, making the stock its 23rd largest position. Spouting Rock Asset Management LLC’s holdings in HubSpot were worth $2,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkshire Capital Holdings Inc. lifted its position in shares of HubSpot by 54.8% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 18,690 shares of the software maker’s stock valued at $10,850,000 after buying an additional 6,620 shares during the last quarter. Scalar Gauge Management LLC purchased a new stake in shares of HubSpot during the fourth quarter valued at about $290,000. Point72 Asset Management L.P. purchased a new stake in shares of HubSpot during the fourth quarter valued at about $114,983,000. Alta Park Capital LP lifted its position in shares of HubSpot by 29.6% during the fourth quarter. Alta Park Capital LP now owns 44,379 shares of the software maker’s stock valued at $25,764,000 after buying an additional 10,141 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new position in shares of HubSpot in the 4th quarter valued at approximately $415,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Trading Up 3.1 %

HUBS traded up $17.71 on Friday, hitting $584.71. The company had a trading volume of 466,039 shares, compared to its average volume of 561,896. The firm has a market cap of $29.80 billion, a P/E ratio of -219.29 and a beta of 1.57. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The company’s fifty day moving average price is $618.78 and its 200 day moving average price is $596.58. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBSGet Free Report) last released its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.27. The company had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. As a group, equities analysts expect that HubSpot, Inc. will post -0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

HUBS has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, May 9th. Wolfe Research raised their price target on shares of HubSpot from $660.00 to $715.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. BMO Capital Markets reduced their price target on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Stifel Nicolaus reduced their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Citigroup reduced their price target on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $641.00.

Read Our Latest Report on HubSpot

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the completion of the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at approximately $7,059,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Dawson Alyssa Harvey sold 192 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at $7,059,000. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 2,874 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total value of $1,802,342.88. Following the transaction, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at $46,898,542.08. The disclosure for this sale can be found here. Insiders sold a total of 20,353 shares of company stock valued at $12,845,623 in the last three months. 4.50% of the stock is owned by corporate insiders.

HubSpot Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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