Geneva Capital Management LLC Sells 651 Shares of HubSpot, Inc. (NYSE:HUBS)

Geneva Capital Management LLC reduced its stake in HubSpot, Inc. (NYSE:HUBS) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,303 shares of the software maker’s stock after selling 651 shares during the quarter. Geneva Capital Management LLC owned 0.06% of HubSpot worth $20,239,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HUBS. Wellington Management Group LLP increased its stake in HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after buying an additional 626,977 shares during the last quarter. Jennison Associates LLC increased its stake in HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after buying an additional 604,554 shares during the last quarter. Norges Bank acquired a new position in shares of HubSpot during the 4th quarter worth about $311,236,000. Twin Focus Capital Partners LLC increased its stake in shares of HubSpot by 92,828.2% during the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock worth $283,230,000 after purchasing an additional 487,348 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of HubSpot by 87.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock worth $262,022,000 after purchasing an additional 210,138 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the completion of the transaction, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at $791,618,983.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Insiders sold a total of 46,491 shares of company stock valued at $28,092,844 in the last quarter. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of several recent analyst reports. Canaccord Genuity Group lowered their price objective on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Scotiabank boosted their price objective on shares of HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a research note on Friday, April 5th. Barclays lowered their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. BMO Capital Markets decreased their price target on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Finally, Stifel Nicolaus decreased their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $637.15.

HubSpot Price Performance

Shares of HubSpot stock traded down $2.54 on Thursday, reaching $489.77. 1,820,240 shares of the stock were exchanged, compared to its average volume of 614,941. The firm’s 50 day moving average is $592.07 and its 200-day moving average is $603.74. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $24.96 billion, a PE ratio of -185.15 and a beta of 1.60.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. As a group, analysts anticipate that HubSpot, Inc. will post -0.55 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.