Geneva Capital Management LLC Sells 3,752 Shares of HubSpot, Inc. (NYSE:HUBS)

Geneva Capital Management LLC lowered its position in HubSpot, Inc. (NYSE:HUBS) by 10.8% during the 4th quarter, Holdings Channel reports. The firm owned 30,849 shares of the software maker’s stock after selling 3,752 shares during the quarter. Geneva Capital Management LLC’s holdings in HubSpot were worth $21,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in HubSpot by 17.2% during the third quarter. US Bancorp DE now owns 2,421 shares of the software maker’s stock worth $1,287,000 after buying an additional 356 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in HubSpot by 93.3% during the third quarter. Kornitzer Capital Management Inc. KS now owns 15,175 shares of the software maker’s stock worth $8,067,000 after buying an additional 7,325 shares during the period. Summit Global Investments lifted its holdings in HubSpot by 7.5% during the third quarter. Summit Global Investments now owns 1,258 shares of the software maker’s stock worth $669,000 after buying an additional 88 shares during the period. Capital Performance Advisors LLP purchased a new stake in HubSpot during the third quarter worth $112,000. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of HubSpot by 49.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock valued at $110,489,000 after purchasing an additional 68,827 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America increased their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Jefferies Financial Group increased their price objective on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Canaccord Genuity Group increased their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Oppenheimer increased their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

Insider Activity

In related news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,997 shares of company stock worth $35,796,526 in the last ninety days. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Up 1.5 %

NYSE:HUBS opened at $697.13 on Thursday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a market capitalization of $36.36 billion, a PE ratio of 7,746.74, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The stock’s 50-day moving average price is $738.38 and its 200-day moving average price is $645.80.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Company Profile

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.