Vontobel Holding Ltd. Sells 1,159 Shares of HubSpot, Inc. (NYSE:HUBS)

Vontobel Holding Ltd. reduced its stake in HubSpot, Inc. (NYSE:HUBS) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,248 shares of the software maker’s stock after selling 1,159 shares during the quarter. Vontobel Holding Ltd.’s holdings in HubSpot were worth $5,369,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its stake in HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares during the last quarter. Quarry LP increased its stake in HubSpot by 333.3% in the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after buying an additional 70 shares during the last quarter. Alta Advisers Ltd acquired a new stake in HubSpot in the 3rd quarter valued at $49,000. KB Financial Partners LLC acquired a new stake in HubSpot in the 1st quarter valued at $49,000. Finally, Hazlett Burt & Watson Inc. increased its stake in HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after buying an additional 21 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Performance

Shares of HubSpot stock opened at $634.00 on Thursday. The company has a 50 day moving average of $625.00 and a 200-day moving average of $551.30. HubSpot, Inc. has a 1-year low of $399.48 and a 1-year high of $693.85. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The company has a market cap of $32.12 billion, a PE ratio of -178.59 and a beta of 1.58.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The company had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. As a group, equities research analysts forecast that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now directly owns 7,783 shares in the company, valued at approximately $4,811,839.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 2,874 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total value of $1,802,342.88. Following the completion of the transaction, the chief executive officer now directly owns 74,784 shares in the company, valued at approximately $46,898,542.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares of the company’s stock, valued at $4,811,839.75. The disclosure for this sale can be found here. Insiders sold a total of 13,862 shares of company stock worth $8,604,961 in the last three months. 4.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Barclays boosted their price objective on shares of HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. BMO Capital Markets boosted their price objective on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Canaccord Genuity Group boosted their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Stifel Nicolaus boosted their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $642.36.

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.