AE Wealth Management LLC Sells 233 Shares of HubSpot, Inc. $HUBS

AE Wealth Management LLC decreased its position in HubSpot, Inc. (NYSE:HUBS) by 8.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,385 shares of the software maker’s stock after selling 233 shares during the period. AE Wealth Management LLC’s holdings in HubSpot were worth $1,328,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. lifted its holdings in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of HubSpot during the second quarter worth about $32,000. Cullen Frost Bankers Inc. raised its position in shares of HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after purchasing an additional 34 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of HubSpot during the 1st quarter valued at about $35,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of HubSpot in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS stock opened at $394.57 on Thursday. HubSpot, Inc. has a 52-week low of $375.01 and a 52-week high of $881.13. The firm’s 50-day moving average is $470.05 and its 200-day moving average is $523.62. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of -4,932.16, a PEG ratio of 13.40 and a beta of 1.60.

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

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director directly owned 522,435 shares of the company’s stock, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the sale, the chief financial officer owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 51,098 shares of company stock valued at $24,757,257. 4.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler dropped their target price on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. lowered their price objective on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Sanford C. Bernstein raised shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price objective on the stock in a research report on Wednesday, September 3rd. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $450.00 target price (down from $610.00) on shares of HubSpot in a research note on Monday. Finally, Mizuho dropped their price target on HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $620.41.

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.