Harbour Capital Advisors LLC Sells 55 Shares of HubSpot, Inc. (NYSE:HUBS)

Harbour Capital Advisors LLC trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,342 shares of the software maker’s stock after selling 55 shares during the quarter. HubSpot makes up about 1.3% of Harbour Capital Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Harbour Capital Advisors LLC’s holdings in HubSpot were worth $5,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HUBS. HM Payson & Co. raised its holdings 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. Motley Fool Asset Management LLC raised its stake in shares of HubSpot by 2.6% in the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after buying an additional 26 shares during the period. V Square Quantitative Management LLC raised its stake in shares of HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after buying an additional 27 shares during the period. Crewe Advisors LLC grew its stake in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after acquiring an additional 28 shares during the period. Finally, GAMMA Investing LLC increased its holdings in HubSpot by 16.9% in the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after acquiring an additional 32 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of NYSE:HUBS traded down $10.41 on Monday, hitting $693.95. 129,827 shares of the company’s stock were exchanged, compared to its average volume of 329,173. The stock has a market capitalization of $35.82 billion, a price-to-earnings ratio of -2,570.09, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The business’s 50 day simple moving average is $703.63 and its two-hundred day simple moving average is $581.86.

HubSpot (NYSE:HUBS) last issued 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 company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share. Equities analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HUBS shares. Scotiabank lifted their price target on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. BMO Capital Markets raised their price target on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $719.30.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock valued at $54,900,427 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.