Sei Investments Co. Has $38.73 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Sei Investments Co. lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,585 shares of the software maker’s stock after selling 1,155 shares during the quarter. Sei Investments Co. owned about 0.11% of HubSpot worth $38,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of HubSpot in the 4th quarter worth about $157,019,000. Wealthfront Advisers LLC lifted its position in HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after acquiring an additional 129,357 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in HubSpot during the 4th quarter valued at about $79,135,000. Finally, State of Michigan Retirement System increased its holdings in HubSpot by 87.7% during the 4th quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker’s stock worth $74,136,000 after purchasing an additional 49,700 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HUBS. The Goldman Sachs Group raised their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company raised their price objective on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $680.00 to $725.00 in a report on Friday, January 17th. StockNews.com downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Needham & Company LLC raised their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

Insider Buying and Selling

In other news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the sale, the director now directly owns 1,125 shares of the company’s stock, valued at approximately $811,800. This represents a 33.71 % 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 firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,425 shares of company stock valued at $15,866,151. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Up 3.3 %

NYSE HUBS opened at $626.39 on Tuesday. The company’s 50 day moving average is $713.86 and its 200-day moving average is $657.13. The firm has a market cap of $32.67 billion, a P/E ratio of 6,960.61, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. Equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

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.