Granahan Investment Management LLC Decreases Stock Holdings in HubSpot, Inc. $HUBS

Granahan Investment Management LLC lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 35.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,057 shares of the software maker’s stock after selling 13,288 shares during the period. Granahan Investment Management LLC’s holdings in HubSpot were worth $11,254,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HUBS. Focus Partners Wealth boosted its position in HubSpot by 12.1% during the 3rd quarter. Focus Partners Wealth now owns 13,206 shares of the software maker’s stock worth $6,178,000 after purchasing an additional 1,422 shares during the period. Delta Global Management LP purchased a new position in HubSpot in the third quarter valued at about $2,254,000. Elevation Point Wealth Partners LLC raised its position in HubSpot by 9,250.0% in the third quarter. Elevation Point Wealth Partners LLC now owns 1,683 shares of the software maker’s stock valued at $787,000 after purchasing an additional 1,665 shares during the period. Cinctive Capital Management LP acquired a new position in shares of HubSpot during the third quarter worth about $18,599,000. Finally, Atreides Management LP purchased a new stake in shares of HubSpot in the third quarter worth about $113,878,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their target price on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Zacks Research raised HubSpot from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Jefferies Financial Group decreased their price target on HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 12th. BTIG Research lowered their price objective on shares of HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $454.20.

Insider Buying and Selling

In related news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 26,691 shares of company stock worth $8,136,702. 4.00% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $264.14 on Monday. HubSpot, Inc. has a 1 year low of $207.20 and a 1 year high of $682.57. The stock’s 50-day simple moving average is $285.47 and its 200-day simple moving average is $382.11. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 303.61, a PEG ratio of 3.94 and a beta of 1.40.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same quarter in the prior year, the business posted $2.32 earnings per share. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.