Duality Advisers LP Reduces Stake in HubSpot, Inc. (NYSE:HUBS)

Duality Advisers LP lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 78.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 658 shares of the software maker’s stock after selling 2,425 shares during the quarter. Duality Advisers LP’s holdings in HubSpot were worth $382,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. purchased a new position in shares of HubSpot in the 4th quarter valued at about $29,000. Venturi Wealth Management LLC grew its stake in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after buying an additional 47 shares during the last quarter. Alta Advisers Ltd purchased a new position in HubSpot during the 3rd quarter worth approximately $49,000. Hazlett Burt & Watson Inc. grew its stake in HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after buying an additional 21 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in HubSpot by 50.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker’s stock worth $57,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on HubSpot from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. The Goldman Sachs Group raised their price target on HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. KeyCorp assumed coverage on HubSpot in a research note on Thursday, March 21st. They set an “underweight” rating and a $520.00 price target on the stock. Wells Fargo & Company raised their price target on HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot Stock Performance

HubSpot stock opened at $636.00 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a fifty day moving average of $627.37 and a two-hundred day moving average of $557.66. The company has a market capitalization of $32.23 billion, a price-to-earnings ratio of -179.15 and a beta of 1.58. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

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

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the sale, the chief executive officer now directly owns 88,977 shares of the company’s stock, valued at approximately $55,165,740. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,362 shares of company stock valued at $14,012,491. Corporate insiders own 4.90% of the company’s stock.

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.