Stonnington Group LLC Sells 1,912 Shares of HubSpot, Inc. (NYSE:HUBS)

Stonnington Group LLC lessened its stake in shares of HubSpot, Inc. (NYSE:HUBSGet Rating) by 69.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 855 shares of the software maker’s stock after selling 1,912 shares during the period. Stonnington Group LLC’s holdings in HubSpot were worth $270,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of HUBS. abrdn plc raised its holdings in HubSpot by 5.6% during the fourth quarter. abrdn plc now owns 5,536 shares of the software maker’s stock worth $3,649,000 after acquiring an additional 292 shares in the last quarter. Bank of Montreal Can increased its position in HubSpot by 256.4% during the fourth quarter. Bank of Montreal Can now owns 20,628 shares of the software maker’s stock worth $13,839,000 after buying an additional 14,840 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in HubSpot by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 136,095 shares of the software maker’s stock worth $89,707,000 after buying an additional 3,775 shares during the last quarter. Geode Capital Management LLC increased its position in HubSpot by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 581,044 shares of the software maker’s stock worth $382,446,000 after buying an additional 10,359 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new position in HubSpot during the fourth quarter worth approximately $1,912,000. Institutional investors own 91.05% of the company’s stock.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $279.20, for a total transaction of $2,373,200.00. Following the completion of the sale, the insider now directly owns 675,066 shares in the company, valued at approximately $188,478,427.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Kathryn Bueker sold 200 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $400.00, for a total value of $80,000.00. Following the completion of the sale, the chief financial officer now directly owns 36,577 shares in the company, valued at approximately $14,630,800. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $279.20, for a total value of $2,373,200.00. Following the completion of the sale, the insider now owns 675,066 shares of the company’s stock, valued at $188,478,427.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,200 shares of company stock worth $5,004,730. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HUBS. Scotiabank began coverage on HubSpot in a research report on Thursday, June 9th. They set an “outperform” rating and a $550.00 price target on the stock. Wolfe Research decreased their target price on HubSpot from $400.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, September 12th. Jefferies Financial Group decreased their target price on HubSpot from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Cowen decreased their target price on HubSpot from $670.00 to $415.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. Finally, Oppenheimer boosted their price target on HubSpot from $350.00 to $425.00 in a research note on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $523.92.

HubSpot Stock Performance

NYSE HUBS opened at $291.57 on Monday. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of -144.34 and a beta of 1.56. HubSpot, Inc. has a twelve month low of $257.21 and a twelve month high of $866.00. The stock has a fifty day simple moving average of $325.52 and a 200 day simple moving average of $363.79. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.52.

HubSpot (NYSE:HUBSGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The software maker reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.16). HubSpot had a negative return on equity of 9.89% and a negative net margin of 6.28%. The business had revenue of $421.76 million for the quarter, compared to analyst estimates of $409.67 million. Sell-side analysts expect that HubSpot, Inc. will post -2.13 EPS for the current year.

About HubSpot

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HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

Further Reading

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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