HubSpot, Inc. (NYSE:HUBS) Stock Holdings Lessened by Fourpath Capital Management LLC

Fourpath Capital Management LLC reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 6.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 676 shares of the software maker’s stock after selling 44 shares during the quarter. Fourpath Capital Management LLC’s holdings in HubSpot were worth $386,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. lifted its position in HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after purchasing an additional 13 shares during the last quarter. First Horizon Advisors Inc. lifted its position in HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after purchasing an additional 15 shares during the last quarter. Amalgamated Bank lifted its position in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after purchasing an additional 16 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in HubSpot by 17.2% in the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock valued at $81,000 after purchasing an additional 17 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 680 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares of the company’s stock, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,062 shares of company stock valued at $11,516,757 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of HubSpot in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Mizuho cut their price objective on shares of HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC restated a “buy” rating and set a $900.00 price target on shares of HubSpot in a research report on Friday, May 9th. Cantor Fitzgerald initiated coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $775.00 price target on the stock. Finally, Sanford C. Bernstein initiated coverage on shares of HubSpot in a research report on Thursday, March 20th. They set a “market perform” rating and a $693.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $766.71.

HubSpot Price Performance

HubSpot stock opened at $606.92 on Tuesday. The firm’s 50 day simple moving average is $591.29 and its 200-day simple moving average is $666.37. The company has a market cap of $32.01 billion, a P/E ratio of 6,744.25, a price-to-earnings-growth ratio of 41.44 and a beta of 1.70. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

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.