Generali Investments Towarzystwo Funduszy Inwestycyjnych Lowers Stock Position in HubSpot, Inc. (NYSE:HUBS)

Generali Investments Towarzystwo Funduszy Inwestycyjnych decreased its stake in HubSpot, Inc. (NYSE:HUBS) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,300 shares of the software maker’s stock after selling 2,100 shares during the period. HubSpot accounts for about 2.1% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings, making the stock its 9th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in HubSpot were worth $3,693,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. purchased a new position in shares of HubSpot in the fourth quarter worth about $315,000. Proficio Capital Partners LLC purchased a new position in shares of HubSpot in the fourth quarter worth about $79,135,000. Oppenheimer Asset Management Inc. increased its stake in shares of HubSpot by 0.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,070 shares of the software maker’s stock worth $2,836,000 after purchasing an additional 22 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of HubSpot by 2.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 18,700 shares of the software maker’s stock worth $13,030,000 after purchasing an additional 400 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of HubSpot by 6.3% in the fourth quarter. New York Life Investment Management LLC now owns 874 shares of the software maker’s stock worth $609,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 in the last three months. 4.50% of the stock is owned by insiders.

HubSpot Stock Performance

Shares of HUBS opened at $712.63 on Friday. The firm has a market cap of $37.17 billion, a price-to-earnings ratio of 7,919.00, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a 50 day moving average price of $739.58 and a 200-day moving average price of $638.60.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on HUBS. Redburn Atlantic assumed coverage on shares of HubSpot in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. Citigroup boosted their price objective on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Jefferies Financial Group boosted their price objective on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

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.