HubSpot, Inc. (NYSE:HUBS) Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC acquired a 1.5 stake in HubSpot (NYSE: HUBS – Get Rating) in the fourth quarter, according to the company’s latest disclosure filing with the Securities and Exchange Commission (SEC). % reduced. The company held 42,025 shares in the software maker after selling 626 shares during the quarter. CIBC Private Wealth Group LLC owned 0.09% of his $12.15 million in HubSpot at the time of the latest SEC filing.

Other hedge funds have also recently changed their stakes in the company. Huntington National Bank increased its HubSpot holdings by 173.1% during the third quarter. Huntington National Bank purchased an additional 225 shares during the period and now owns 355 shares of the software maker worth $96,000. Handelsbanken Fonder AB increased his position in HubSpot’s stock by 60.4% in the fourth quarter. Handelsbanken Fonder AB now owns 6,735 shares in the software maker worth $1,947,000, having purchased an additional 2,535 shares last quarter. AE Wealth Management LLC increased its position in HubSpot’s stock by 77.3% in the fourth quarter. AE Wealth Management LLC purchased an additional 13,609 shares last quarter and now owns 31,209 shares of the software maker, valued at $9,023,000. Veriti Management LLC increased its position in HubSpot’s stock by 15.0% in the fourth quarter. Veriti Management LLC purchased an additional 126 shares last quarter and now owns 968 shares of the software maker, worth $280,000. Finally, Spouting Rock Asset Management LLC increased its position in HubSpot’s stock by 17.1% in the third quarter. Spouting Rock Asset Management LLC purchased an additional 780 shares last quarter and now owns 5,346 shares of the software maker, valued at $1,444,000. 90.87% of the shares are held by institutional investors and hedge funds.

Wall Street analysts forecast growth

Several brokerage firms have commented on HUBS. 92 Resources restated its rating on HubSpot’s stock as ‘maintain’ in a research report on Thursday, May 4. StockNews.com began covering HubSpot shares in a research report on Thursday, May 18. They set a “Hold” rating on the stock. UBS Group raised its price target on HubSpot stock to $460.00 from $420.00 in a research report on Thursday, May 4. Credit Suisse Group Inc. raised its price target on HubSpot stock to $480.00 from $400.00 in its research report on Friday, February 17, giving the stock an “outperform” rating. Finally, Needham & Company LLC raised its price target on HubSpot stock from $380.00 to $470.00, giving the stock a Buy rating in its research report on Friday, February 17. Three research analysts gave the company a Hold rating, 19 Buy ratings, and one Strong Buy rating. According to MarketBeat data, HubSpot has an average rating of “moderate buy” and a consensus target price of $428.04.

Insider trading at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, March 21. The stock sold at an average price of $392.85, giving him a trading value of $3,339,225.00. After the sale was completed, the insider owned 622,766 shares of the company, valued at approximately $244,653,623.10. The sale was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, March 21. The stock sold at an average price of $392.85, bringing the total trading value to his $3,339,225.00. After the sale was completed, the insider owned 622,766 shares of the company, valued at approximately $244,653,623.10. The sale was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website. CFO Kathryn Buker also sold 710 shares of the company in a deal on Tuesday, April 4. The shares were sold at an average price of $424.80 for a total of $301,608.00. After the sale, the Chief Financial Officer now owns 41,124 shares in the company, valued at approximately $17,469,475.20. Disclosure information regarding this sale can be found here. Last quarter, insiders sold 20,500 shares of the company, valued at $8,611,217. Currently, 4.90% of the shares are owned by insiders.

HubSpot stock performance

NYSE HUBS opened Friday at $517.68. HubSpot reached a 12-month low of $245.03 and a 12-month high of $526.50. The company’s 50-day moving average is $441.34 and its 200-day moving average is $370.54. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt to equity ratio of 0.43.

HubSpot (NYSE:HUBS – Get Rating) last released quarterly earnings data on Wednesday, May 3rd. The software maker reported EPS for the quarter ($0.24), $0.16 above analyst consensus expectations ($0.40). HubSpot’s net margin was negative 7.71% and return on equity was negative 10.48%. The company’s revenue for the quarter was $501.62 million, with a consensus estimate of $474.55 million. On average, analysts expect HubSpot, Inc.’s earnings per share to be -1.84 this year.

About HubSpot

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HubSpot, Inc is committed to cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management systems, as well as other tools, integrations and native payment solutions. The company operates through the geographic segments of the Americas, Europe and Asia Pacific.

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Want to know if other hedge funds own HUB? Visit HoldingsChannel.com to get HubSpot, Inc.’s latest 13F filings and insider trading (NYSE: HUBS – Get Rated).

HubSpot Quarterly Institutional Ownership (NYSE:HUBS)

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