HighTower Advisors LLC Sells 2,715 Shares of HubSpot, Inc. $HUBS

HighTower Advisors LLC reduced its position in shares of HubSpot, Inc. (NYSE:HUBS) by 36.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,797 shares of the software maker’s stock after selling 2,715 shares during the period. HighTower Advisors LLC’s holdings in HubSpot were worth $2,740,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Elequin Capital LP bought a new stake in shares of HubSpot during the 4th quarter worth $27,000. Coppell Advisory Solutions LLC boosted its holdings in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after buying an additional 22 shares during the period. Colonial Trust Co SC boosted its holdings in shares of HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker’s stock worth $40,000 after buying an additional 30 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after buying an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of HubSpot during the 1st quarter worth $35,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HUBS has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a report on Monday, July 21st. UBS Group cut their target price on shares of HubSpot from $820.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. KeyCorp cut their target price on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Citigroup cut their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, The Goldman Sachs Group cut their target price on shares of HubSpot from $900.00 to $795.00 and set a “buy” rating for the company in a research note on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $726.04.

HubSpot Stock Performance

NYSE:HUBS opened at $474.2280 on Friday. The company has a 50-day moving average of $518.67 and a 200-day moving average of $591.38. The company has a market capitalization of $24.99 billion, a price-to-earnings ratio of -2,061.86, a PEG ratio of 15.71 and a beta of 1.66. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. Sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares in the company, valued at $22,670,843.94. This trade represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer owned 63,918 shares of the company’s stock, valued at $35,269,313.22. This trade represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,498 shares of company stock worth $14,752,256 in the last quarter. 4.00% of the stock is owned by corporate insiders.

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.