HubSpot, Inc. $HUBS Position Decreased by Focus Partners Wealth

Focus Partners Wealth reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,119 shares of the software maker’s stock after selling 1,048 shares during the quarter. Focus Partners Wealth’s holdings in HubSpot were worth $6,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD grew its position in HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after buying an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after acquiring an additional 251,853 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of HubSpot by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock worth $2,997,407,000 after acquiring an additional 201,994 shares during the last quarter. GAMMA Investing LLC raised its position in shares of HubSpot by 80,552.5% during the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker’s stock worth $1,018,280,000 after purchasing an additional 178,021 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of HubSpot during the first quarter valued at $99,963,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HUBS shares. Wall Street Zen raised HubSpot from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. dropped their target price on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Piper Sandler assumed coverage on shares of HubSpot in a report on Thursday, September 4th. They set an “overweight” rating and a $675.00 price target on the stock. BMO Capital Markets reduced their price target on shares of HubSpot from $650.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Finally, Truist Financial lowered their price objective on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $722.93.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 477 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.00, for a total value of $238,500.00. Following the completion of the sale, the chief executive officer directly owned 62,291 shares of the company’s stock, valued at $31,145,500. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director owned 522,435 shares in the company, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,094 shares of company stock worth $26,069,239. 4.00% of the stock is owned by corporate insiders.

HubSpot Trading Down 0.7%

NYSE HUBS opened at $493.10 on Friday. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The firm’s fifty day simple moving average is $498.16 and its 200-day simple moving average is $559.75. The company has a market capitalization of $25.98 billion, a PE ratio of -2,143.91, a price-to-earnings-growth ratio of 17.12 and a beta of 1.58.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. During the same quarter in the previous year, the company posted $1.94 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot Profile

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.