Two Sigma Advisers LP lessened its stake in HubSpot Inc (NYSE:HUBS) by 28.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,081 shares of the software maker’s stock after selling 76,300 shares during the period. Two Sigma Advisers LP owned 0.51% of HubSpot worth $16,715,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of HubSpot by 24.4% during the 4th quarter. Deutsche Bank AG now owns 271,797 shares of the software maker’s stock valued at $24,025,000 after purchasing an additional 53,375 shares in the last quarter. Jefferies Group LLC bought a new position in shares of HubSpot during the 4th quarter valued at about $581,000. Natixis Asset Management boosted its position in shares of HubSpot by 6.0% during the 4th quarter. Natixis Asset Management now owns 14,640 shares of the software maker’s stock valued at $1,294,000 after purchasing an additional 825 shares in the last quarter. Advisor Group Inc. boosted its position in shares of HubSpot by 1,524.1% during the 4th quarter. Advisor Group Inc. now owns 3,037 shares of the software maker’s stock valued at $268,000 after purchasing an additional 2,850 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of HubSpot during the 4th quarter valued at about $3,341,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.
Shares of HubSpot stock opened at $120.10 on Thursday. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.42. HubSpot Inc has a 52-week low of $56.95 and a 52-week high of $124.45.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of HubSpot from a “sell” rating to a “hold” rating in a research report on Tuesday. Evercore ISI lowered shares of HubSpot from an “outperform” rating to an “in-line” rating and set a $90.00 price objective for the company. in a research report on Monday, March 12th. They noted that the move was a valuation call. UBS lowered shares of HubSpot from a “buy” rating to a “neutral” rating and set a $123.00 price objective for the company. in a research report on Thursday, March 8th. SunTrust Banks raised their price objective on shares of HubSpot to $112.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Canaccord Genuity raised their target price on shares of HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $94.82.
In other news, Director Julia Herendeen sold 1,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $89.15, for a total value of $89,150.00. Following the completion of the sale, the director now directly owns 5,540 shares of the company’s stock, valued at $493,891. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hunter Madeley sold 7,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $95.35, for a total transaction of $667,450.00. The disclosure for this sale can be found here. Insiders sold 32,000 shares of company stock valued at $3,213,060 over the last three months. 12.10% of the stock is owned by insiders.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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