SG Americas Securities LLC Has $441,000 Stock Position in HubSpot, Inc. (NYSE:HUBS)

SG Americas Securities LLC cut its position in HubSpot, Inc. (NYSE:HUBS) by 87.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 633 shares of the software maker’s stock after selling 4,404 shares during the quarter. SG Americas Securities LLC’s holdings in HubSpot were worth $441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the last quarter. HM Payson & Co. increased its position in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the last quarter. Friedenthal Financial bought a new position in HubSpot during the fourth quarter worth about $50,000. Finally, Crewe Advisors LLC boosted its holdings in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after buying an additional 28 shares during the period. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $779.52 on Monday. The company has a market capitalization of $40.24 billion, a PE ratio of -2,887.02, a PEG ratio of 43.22 and a beta of 1.70. The business has a fifty day moving average price of $724.40 and a 200-day moving average price of $601.24. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. On average, sell-side analysts anticipate that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HUBS. Canaccord Genuity Group lifted their target price on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BMO Capital Markets raised their price objective on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Bank of America raised their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada boosted their price target on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $724.52.

Insiders Place Their Bets

In other news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. 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 company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% 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.