Geneva Capital Management LLC Sells 3,752 Shares of HubSpot, Inc. (NYSE:HUBS)

Geneva Capital Management LLC lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 10.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,849 shares of the software maker’s stock after selling 3,752 shares during the period. Geneva Capital Management LLC owned 0.06% of HubSpot worth $21,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Raymond James Financial Inc. bought a new stake in shares of HubSpot in the 4th quarter worth $157,019,000. Arizona State Retirement System increased its holdings in shares of HubSpot by 2.1% in the 4th quarter. Arizona State Retirement System now owns 14,168 shares of the software maker’s stock worth $9,872,000 after purchasing an additional 297 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of HubSpot in the fourth quarter worth $79,135,000. M&T Bank Corp grew its holdings in shares of HubSpot by 2.6% in the fourth quarter. M&T Bank Corp now owns 4,615 shares of the software maker’s stock worth $3,215,000 after acquiring an additional 119 shares during the period. Finally, Atria Investments Inc grew its holdings in shares of HubSpot by 1.7% in the fourth quarter. Atria Investments Inc now owns 3,004 shares of the software maker’s stock worth $2,093,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on HUBS shares. JPMorgan Chase & Co. lifted their price objective on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Evercore ISI lifted their price objective on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a report on Thursday, February 13th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and lifted their target price for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Needham & Company LLC lifted their target price on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

Insiders Place Their Bets

In other news, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total transaction of $394,680.00. Following the transaction, the director now owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,997 shares of company stock valued at $35,796,526 over the last ninety days. 4.50% of the stock is owned by insiders.

HubSpot Trading Up 1.5 %

NYSE:HUBS opened at $697.13 on Thursday. The company has a market capitalization of $36.36 billion, a P/E ratio of 7,746.74, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The business’s 50-day moving average is $738.38 and its 200 day moving average is $645.80.

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 the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Company 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.