HubSpot, Inc. (NYSE:HUBS) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 4.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,160 shares of the software maker’s stock after selling 100 shares during the period. E. Ohman J or Asset Management AB’s holdings in HubSpot were worth $1,234,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Elequin Capital LP acquired a new position in HubSpot in the fourth quarter worth about $27,000. Larson Financial Group LLC grew its stake in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after acquiring an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in HubSpot in the fourth quarter worth about $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

NYSE HUBS opened at $608.96 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a market capitalization of $32.12 billion, a PE ratio of 6,766.96, a P/E/G ratio of 41.44 and a beta of 1.78. The company’s 50 day simple moving average is $591.03 and its 200 day simple moving average is $667.86.

Analyst Ratings Changes

HUBS has been the topic of a number of recent research reports. Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Morgan Stanley raised their target price on shares of HubSpot from $659.00 to $752.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Redburn Atlantic initiated coverage on shares of HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Wells Fargo & Company cut their target price on shares of HubSpot from $940.00 to $700.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group cut their target price on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $767.61.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. This trade represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,062 shares of company stock worth $11,516,757 over the last quarter. 4.50% of the stock is currently owned by company insiders.

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.