HubSpot, Inc. $HUBS Position Decreased by Fourpath Capital Management LLC

Fourpath Capital Management LLC trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 618 shares of the software maker’s stock after selling 58 shares during the quarter. Fourpath Capital Management LLC’s holdings in HubSpot were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock worth $2,997,407,000 after buying an additional 201,994 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after buying an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after buying an additional 251,853 shares during the period. Groupama Asset Managment boosted its holdings in shares of HubSpot by 0.8% in the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker’s stock worth $418,514,000 after buying an additional 5,779 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of HubSpot by 16.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker’s stock worth $378,163,000 after buying an additional 94,481 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,387 shares of HubSpot stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the transaction, the chief executive officer owned 56,277 shares of the company’s stock, valued at $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director directly owned 522,435 shares in the company, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,098 shares of company stock worth $25,563,137 in the last ninety days. Insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of several recent analyst reports. Macquarie decreased their target price on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Wall Street Zen lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Citigroup reduced their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, August 8th. UBS Group reissued an “outperform” rating on shares of HubSpot in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company began coverage on shares of HubSpot in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $685.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $723.11.

HubSpot Stock Performance

Shares of HUBS opened at $438.97 on Friday. The firm has a market cap of $23.13 billion, a PE ratio of -1,908.57, a PEG ratio of 15.62 and a beta of 1.58. The firm’s 50 day moving average price is $475.29 and its 200 day moving average price is $539.63. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 earnings per share. On average, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal 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.