Banque Cantonale Vaudoise Sells 160 Shares of HubSpot, Inc. (NYSE:HUBS)

Banque Cantonale Vaudoise lowered its position in shares of HubSpot, Inc. (NYSE:HUBS – Get Rating) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,343 shares of the software maker’s stock after selling 160 shares during the quarter. Banque Cantonale Vaudoise’s holdings in HubSpot were worth $677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of HubSpot by 2.2% during the third quarter. Vanguard Group Inc. now owns 4,305,744 shares of the software maker’s stock worth $1,163,068,000 after acquiring an additional 92,964 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in HubSpot by 0.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,669,218 shares of the software maker’s stock valued at $482,621,000 after purchasing an additional 9,878 shares during the last quarter. Clearbridge Investments LLC increased its holdings in HubSpot by 33.6% in the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock valued at $535,934,000 after purchasing an additional 284,039 shares during the last quarter. Durable Capital Partners LP increased its holdings in HubSpot by 19.3% in the third quarter. Durable Capital Partners LP now owns 917,522 shares of the software maker’s stock valued at $247,841,000 after purchasing an additional 148,657 shares during the last quarter. Finally, Abdiel Capital Advisors LP bought a new stake in HubSpot in the third quarter valued at about $220,041,000. Institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HUBS shares. Needham & Company LLC upped their price objective on HubSpot from $380.00 to $470.00 and gave the company a “buy” rating in a report on Friday, February 17th. TheStreet raised HubSpot from a “d+” rating to a “c-” rating in a research note on Friday, May 5th. StockNews.com initiated coverage on HubSpot in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Credit Suisse Group boosted their target price on HubSpot from $400.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Finally, Canaccord Genuity Group boosted their target price on HubSpot from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $428.04.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $392.85, for a total transaction of $3,339,225.00. Following the sale, the insider now owns 622,766 shares of the company’s stock, valued at $244,653,623.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $392.85, for a total transaction of $3,339,225.00. Following the sale, the insider now owns 622,766 shares of the company’s stock, valued at $244,653,623.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 710 shares of the stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the sale, the chief financial officer now directly owns 41,124 shares in the company, valued at approximately $17,469,475.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,710 shares of company stock worth $7,233,358. Company insiders own 5.60% of the company’s stock.

HubSpot Price Performance

NYSE:HUBS opened at $488.74 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $430.04 and its two-hundred day moving average price is $362.66. The firm has a market capitalization of $24.26 billion, a price-to-earnings ratio of -166.81 and a beta of 1.61. HubSpot, Inc. has a 12-month low of $245.03 and a 12-month high of $498.24.

HubSpot (NYSE:HUBS – Get Rating) last announced its earnings results on Wednesday, May 3rd. The software maker reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The company had revenue of $501.62 million for the quarter, compared to analyst estimates of $474.55 million. HubSpot had a negative return on equity of 10.48% and a negative net margin of 7.71%. On average, analysts anticipate that HubSpot, Inc. will post -1.84 earnings per share for the current year.

About HubSpot

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HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.