Y Intercept Hong Kong Ltd Sells 26,484 Shares of HubSpot, Inc. $HUBS

Y Intercept Hong Kong Ltd reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 89.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,036 shares of the software maker’s stock after selling 26,484 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in HubSpot were worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Jennison Associates LLC boosted its stake in HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares in the last quarter. Norges Bank bought a new position in shares of HubSpot in the second quarter valued at about $269,941,000. Neuberger Berman Group LLC lifted its position in HubSpot by 166.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 321,679 shares of the software maker’s stock worth $179,055,000 after buying an additional 200,844 shares in the last quarter. Vanguard Group Inc. grew its holdings in HubSpot by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after acquiring an additional 144,507 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in HubSpot during the 3rd quarter worth about $48,548,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $279.98 on Friday. HubSpot, Inc. has a 52-week low of $276.73 and a 52-week high of $881.13. The stock has a market cap of $14.67 billion, a P/E ratio of -3,499.75, a P/E/G ratio of 6.68 and a beta of 1.46. The firm has a 50 day moving average price of $364.54 and a 200 day moving average price of $434.09.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same period last year, the firm posted $2.18 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the transaction, the director directly owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 25,735 shares of company stock worth $8,943,006 in the last 90 days. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HUBS. Mizuho reduced their target price on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Barclays decreased their price objective on HubSpot from $575.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Argus dropped their target price on HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Canaccord Genuity Group decreased their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, KeyCorp dropped their price objective on HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $593.07.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.