HubSpot, Inc. $HUBS Holdings Trimmed by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. reduced its position in shares of HubSpot, Inc. (NYSE:HUBS) by 39.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,880 shares of the software maker’s stock after selling 2,524 shares during the period. Cabot Wealth Management Inc.’s holdings in HubSpot were worth $1,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its position in shares of 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 purchasing an additional 24 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in HubSpot by 4.7% during the second quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after purchasing an additional 27 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in HubSpot by 6.3% during the second quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after buying an additional 28 shares in the last quarter. Asset Dedication LLC grew its position in HubSpot by 27.1% in the second quarter. Asset Dedication LLC now owns 136 shares of the software maker’s stock worth $76,000 after buying an additional 29 shares during the last quarter. Finally, Bouvel Investment Partners LLC increased its holdings in shares of HubSpot by 1.7% in the third quarter. Bouvel Investment Partners LLC now owns 1,768 shares of the software maker’s stock valued at $827,000 after buying an additional 29 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the sale, the director owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 25,735 shares of company stock valued at $8,943,006 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

HubSpot Trading Up 0.9%

Shares of NYSE HUBS opened at $322.27 on Monday. HubSpot, Inc. has a one year low of $300.09 and a one year high of $881.13. The business has a 50-day moving average price of $370.22 and a two-hundred day moving average price of $440.83. The firm has a market capitalization of $16.88 billion, a PE ratio of -4,028.39, a PEG ratio of 7.64 and a beta of 1.46.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. Research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HUBS. Needham & Company LLC reduced their price objective on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Barclays decreased their price target on HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Stifel Nicolaus cut their price objective on HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Friday. KeyCorp decreased their target price on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, The Goldman Sachs Group dropped their target price on shares of HubSpot from $717.00 to $612.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $601.40.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.