Paloma Partners Management Co Sells 4,766 Shares of HubSpot, Inc. (NYSE:HUBS)

Paloma Partners Management Co trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS) by 68.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,234 shares of the software maker’s stock after selling 4,766 shares during the quarter. Paloma Partners Management Co’s holdings in HubSpot were worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of HubSpot in the fourth quarter valued at approximately $1,361,000. Oak Harvest Investment Services purchased a new position in HubSpot in the 4th quarter worth approximately $2,065,000. Donoghue Forlines LLC purchased a new position in HubSpot in the 4th quarter worth approximately $2,049,000. Mayflower Financial Advisors LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at $862,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of HubSpot by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock valued at $2,262,000 after purchasing an additional 49 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 680 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now directly owns 71,693 shares of the company’s stock, valued at $43,015,800. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,562 shares of company stock worth $18,401,757. Insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

HUBS stock opened at $613.17 on Tuesday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a market cap of $31.98 billion, a P/E ratio of 6,813.76, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The stock has a 50-day simple moving average of $600.99 and a 200-day simple moving average of $662.60.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. On average, equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HUBS. StockNews.com downgraded HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. BNP Paribas initiated coverage on HubSpot in a research report on Tuesday, April 22nd. They issued an “outperform” rating and a $700.00 price objective on the stock. Stifel Nicolaus set a $750.00 price target on HubSpot in a report on Friday. Sanford C. Bernstein started coverage on HubSpot in a report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $782.63.

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.