AGF Management Ltd. Trims Stock Holdings in HubSpot, Inc. $HUBS

AGF Management Ltd. lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 99.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 903 shares of the software maker’s stock after selling 1,261,682 shares during the quarter. AGF Management Ltd.’s holdings in HubSpot were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in shares of HubSpot by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock worth $861,000 after purchasing an additional 16 shares during the period. Ballentine Partners LLC increased its holdings in HubSpot by 3.5% in the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock worth $334,000 after buying an additional 20 shares during the period. Apollon Wealth Management LLC raised its position in HubSpot by 5.2% during the 1st quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock worth $231,000 after buying an additional 20 shares during the last quarter. QRG Capital Management Inc. lifted its stake in HubSpot by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after acquiring an additional 24 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of HubSpot by 4.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after acquiring an additional 27 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 2,387 shares of HubSpot stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at $28,138,500. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 235 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $493.30, for a total value of $115,925.50. Following the completion of the transaction, the director directly owned 513,466 shares of the company’s stock, valued at approximately $253,292,777.80. This represents a 0.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,098 shares of company stock valued at $24,757,257 in the last 90 days. Corporate insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC cut their price target on HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. BMO Capital Markets reduced their price objective on HubSpot from $550.00 to $465.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company lowered their target price on HubSpot from $685.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Truist Financial dropped their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $620.41.

HubSpot Stock Performance

NYSE:HUBS opened at $394.66 on Wednesday. The stock has a market capitalization of $20.68 billion, a PE ratio of -4,933.25, a P/E/G ratio of 12.71 and a beta of 1.60. HubSpot, Inc. has a fifty-two week low of $375.01 and a fifty-two week high of $881.13. The company has a fifty day moving average of $471.61 and a two-hundred day moving average of $524.53.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter in the previous year, the company earned $2.18 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. Research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Company 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.