ExodusPoint Capital Management LP Has $2.60 Million Stake in HubSpot, Inc. (NYSE:HUBS)

ExodusPoint Capital Management LP reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,731 shares of the software maker’s stock after selling 1,625 shares during the quarter. ExodusPoint Capital Management LP’s holdings in HubSpot were worth $2,600,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBS. Norges Bank purchased a new position in shares of HubSpot during the 4th quarter valued at $420,345,000. Raymond James Financial Inc. acquired a new stake in HubSpot during the fourth quarter valued at $157,019,000. Wealthfront Advisers LLC grew its stake in HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in HubSpot in the 4th quarter worth about $79,135,000. Finally, Alliancebernstein L.P. raised its stake in shares of HubSpot by 61.9% during the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker’s stock worth $199,504,000 after purchasing an additional 109,449 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,382 shares of company stock valued at $13,415,657. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HUBS. Stephens assumed coverage on HubSpot in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price target for the company. Wells Fargo & Company increased their price target on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Raymond James lifted their price objective on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Mizuho increased their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on HubSpot in a report on Thursday, March 20th. They set a “market perform” rating and a $693.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

HubSpot Price Performance

Shares of HUBS stock opened at $496.44 on Tuesday. The stock has a market cap of $25.89 billion, a P/E ratio of 5,516.57, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The stock has a fifty day moving average price of $683.08 and a 200 day moving average price of $662.00. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results 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 net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current 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.