Artisan Partners Limited Partnership Sells 2,317 Shares of HubSpot, Inc. $HUBS

Artisan Partners Limited Partnership lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 238,649 shares of the software maker’s stock after selling 2,317 shares during the period. Artisan Partners Limited Partnership owned 0.46% of HubSpot worth $111,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Thrivent Financial for Lutherans boosted its stake in HubSpot by 23.7% in the third quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after acquiring an additional 4,559 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of HubSpot in the 3rd quarter valued at $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of HubSpot by 19.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after purchasing an additional 1,533 shares during the period. Nordea Investment Management AB boosted its position in shares of HubSpot by 34.9% in the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after purchasing an additional 5,595 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of HubSpot during the third quarter worth $2,079,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This trade represents a 7.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Halligan sold 8,261 shares of HubSpot stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the completion of the sale, the director owned 481,168 shares in the company, valued at $121,735,504. This trade represents a 1.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,691 shares of company stock worth $8,136,702 in the last 90 days. Company insiders own 4.00% of the company’s stock.

HubSpot Trading Down 1.5%

HUBS opened at $264.54 on Friday. The firm’s fifty day simple moving average is $310.16 and its 200 day simple moving average is $395.25. The stock has a market capitalization of $13.95 billion, a P/E ratio of 304.07, a P/E/G ratio of 3.98 and a beta of 1.44. HubSpot, Inc. has a 12 month low of $207.20 and a 12 month high of $732.00.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $846.75 million for the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $2.32 EPS. On average, equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HUBS. Rothschild & Co Redburn downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research raised HubSpot from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Piper Sandler cut their price target on shares of HubSpot from $400.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Sanford C. Bernstein restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. Finally, Bank of America lowered their target price on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $452.70.

HubSpot Profile

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.