Catalyst Financial Partners LLC Sells 19 Shares of HubSpot, Inc. (NYSE:HUBS)

Catalyst Financial Partners LLC lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 460 shares of the software maker’s stock after selling 19 shares during the period. Catalyst Financial Partners LLC’s holdings in HubSpot were worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rakuten Securities Inc. bought a new position in shares of HubSpot in the 4th quarter worth approximately $29,000. Venturi Wealth Management LLC lifted its position in HubSpot by 335.7% during the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares during the period. Larson Financial Group LLC boosted its holdings in shares of HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after buying an additional 69 shares in the last quarter. Alta Advisers Ltd purchased a new stake in shares of HubSpot in the 3rd quarter worth about $49,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after acquiring an additional 21 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HUBS has been the topic of several research reports. Royal Bank of Canada boosted their price objective on shares of HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Canaccord Genuity Group raised their price objective on HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 5th. The Goldman Sachs Group lifted their price objective on HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Wells Fargo & Company raised their price target on HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lifted their price target on HubSpot from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $642.36.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $634.21, for a total value of $73,568.36. Following the completion of the transaction, the chief executive officer now directly owns 88,861 shares in the company, valued at approximately $56,356,534.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,393 shares of company stock worth $13,421,401. Company insiders own 4.90% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS stock traded down $26.03 during mid-day trading on Wednesday, reaching $589.43. 1,180,274 shares of the company’s stock traded hands, compared to its average volume of 502,374. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The firm has a 50 day moving average price of $628.65 and a two-hundred day moving average price of $567.79. The firm has a market capitalization of $30.01 billion, a PE ratio of -166.04 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. On average, research analysts forecast that HubSpot, Inc. will post -0.98 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.