Bank of Montreal Can lessened its holdings in HubSpot Inc (NYSE:HUBS) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,812 shares of the software maker’s stock after selling 1,118 shares during the period. Bank of Montreal Can’s holdings in HubSpot were worth $2,366,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in HubSpot by 46.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,670 shares of the software maker’s stock valued at $6,982,000 after purchasing an additional 17,640 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in HubSpot in the 3rd quarter valued at $621,000. NJ State Employees Deferred Compensation Plan purchased a new position in HubSpot in the 3rd quarter valued at $302,000. Capital Impact Advisors LLC lifted its holdings in HubSpot by 12.1% in the 3rd quarter. Capital Impact Advisors LLC now owns 19,113 shares of the software maker’s stock valued at $2,866,000 after purchasing an additional 2,065 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC purchased a new position in HubSpot in the 3rd quarter valued at $634,000. 93.77% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:HUBS opened at $165.44 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. The stock has a market cap of $6.49 billion, a P/E ratio of -162.20 and a beta of 1.92. HubSpot Inc has a 12-month low of $85.65 and a 12-month high of $166.07.
A number of brokerages have issued reports on HUBS. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Oppenheimer raised their target price on HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. UBS Group downgraded HubSpot from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 24th. Morgan Stanley cut their target price on HubSpot from $148.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 23rd. Finally, Stephens began coverage on HubSpot in a research note on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price for the company. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. HubSpot currently has an average rating of “Buy” and an average target price of $153.35.
In related news, Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $128.15, for a total transaction of $530,541.00. Following the completion of the sale, the director now directly owns 18,214 shares of the company’s stock, valued at approximately $2,334,124.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel John P. Kelleher sold 389 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. Insiders have sold a total of 69,630 shares of company stock valued at $8,855,559 over the last three months. Corporate insiders own 9.60% of the company’s stock.
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HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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