HubSpot, Inc. $HUBS Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,614 shares of the software maker’s stock after selling 72 shares during the period. Stephens Inc. AR’s holdings in HubSpot were worth $898,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC acquired a new position in HubSpot during the 2nd quarter valued at about $853,000. Private Trust Co. NA boosted its stake in HubSpot by 24.2% during the 2nd quarter. Private Trust Co. NA now owns 195 shares of the software maker’s stock valued at $109,000 after purchasing an additional 38 shares during the period. Nordea Investment Management AB boosted its stake in HubSpot by 74.4% during the 2nd quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock valued at $8,921,000 after purchasing an additional 6,846 shares during the period. WCM Investment Management LLC boosted its stake in HubSpot by 8.0% during the 2nd quarter. WCM Investment Management LLC now owns 2,882 shares of the software maker’s stock valued at $1,587,000 after purchasing an additional 214 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in HubSpot by 33.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 50,944 shares of the software maker’s stock valued at $28,357,000 after purchasing an additional 12,732 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In related news, CTO Dharmesh Shah sold 4,747 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer directly owned 1,271,058 shares in the company, valued at $637,562,692.80. The trade was a 0.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $307,500.00. Following the sale, the chief financial officer owned 38,794 shares in the company, valued at $19,397,000. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,863 shares of company stock valued at $24,641,332 over the last quarter. Company insiders own 4.00% of the company’s stock.

HubSpot Price Performance

NYSE HUBS opened at $469.72 on Friday. The company’s 50 day simple moving average is $475.71 and its 200 day simple moving average is $532.94. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The company has a market capitalization of $24.75 billion, a P/E ratio of -2,042.26, a PEG ratio of 16.41 and a beta of 1.58.

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

Wall Street Analyst Weigh In

A number of analysts have commented on HUBS shares. Needham & Company LLC restated a “buy” rating and set a $900.00 price target on shares of HubSpot in a research report on Thursday, September 4th. BMO Capital Markets dropped their price target on shares of HubSpot from $600.00 to $550.00 and set an “outperform” rating on the stock in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $775.00 price target on shares of HubSpot in a research report on Friday, October 3rd. Barclays dropped their price target on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Finally, Wall Street Zen downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $717.75.

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.