Kovitz Investment Group Partners LLC Sells 404 Shares of HubSpot, Inc. (NYSE:HUBS)

Kovitz Investment Group Partners LLC cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,981 shares of the software maker’s stock after selling 404 shares during the period. Kovitz Investment Group Partners LLC’s holdings in HubSpot were worth $4,116,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the 2nd quarter valued at about $35,000. HM Payson & Co. increased its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC lifted its position in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in shares of HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares during the period. Finally, True Wealth Design LLC bought a new position in shares of HubSpot in the third quarter worth approximately $62,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays increased their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Oppenheimer raised their target price on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price target on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their target price on HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $672.68.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,390 shares of company stock valued at $29,126,596 over the last three months. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

Shares of HubSpot stock opened at $741.67 on Monday. The stock’s fifty day moving average is $617.46 and its 200 day moving average is $560.04. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47. The stock has a market cap of $38.29 billion, a P/E ratio of -2,746.93, a P/E/G ratio of 92.07 and a beta of 1.70.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. Analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

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.