CIBC Private Wealth Group LLC Trims Holdings in HubSpot, Inc. $HUBS

CIBC Private Wealth Group LLC trimmed its holdings in HubSpot, Inc. (NYSE:HUBS) by 3.1% in the 3rd quarter, Holdings Channel reports. The fund owned 127,817 shares of the software maker’s stock after selling 4,077 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in HubSpot were worth $59,793,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HUBS. Empowered Funds LLC lifted its holdings in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after purchasing an additional 737 shares during the last quarter. Allworth Financial LP grew its stake in shares of HubSpot by 67.7% in the 2nd quarter. Allworth Financial LP now owns 275 shares of the software maker’s stock worth $153,000 after buying an additional 111 shares during the last quarter. Creative Planning grew its stake in shares of HubSpot by 4.3% in the 2nd quarter. Creative Planning now owns 8,293 shares of the software maker’s stock worth $4,616,000 after buying an additional 340 shares during the last quarter. Intech Investment Management LLC raised its stake in HubSpot by 16.9% during the second quarter. Intech Investment Management LLC now owns 1,480 shares of the software maker’s stock valued at $824,000 after buying an additional 214 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in HubSpot in the second quarter worth $7,378,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HUBS. BMO Capital Markets reduced their price target on HubSpot from $385.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Oppenheimer cut their price objective on shares of HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. The Goldman Sachs Group decreased their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Wells Fargo & Company dropped their target price on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Citigroup increased their price target on shares of HubSpot from $600.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $443.34.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the sale, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,191 shares of company stock valued at $5,017,287 over the last three months. 4.00% of the stock is owned by corporate insiders.

HubSpot Price Performance

HubSpot stock opened at $262.08 on Thursday. HubSpot, Inc. has a one year low of $207.20 and a one year high of $682.57. The business’s fifty day moving average is $277.77 and its 200 day moving average is $378.26. The stock has a market capitalization of $13.82 billion, a PE ratio of 301.24, a price-to-earnings-growth ratio of 3.96 and a beta of 1.40.

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