HubSpot, Inc. $HUBS Position Reduced by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lessened its position in HubSpot, Inc. (NYSE:HUBS) by 48.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 709 shares of the software maker’s stock after selling 656 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in HubSpot were worth $394,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HUBS. Whittier Trust Co. lifted its position in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of HubSpot in the 2nd quarter valued at approximately $32,000. Cullen Frost Bankers Inc. lifted its position in shares of HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after acquiring an additional 34 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of HubSpot in the 1st quarter valued at approximately $35,000. Finally, GW&K Investment Management LLC lifted its position in shares of HubSpot by 203.8% in the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock valued at $45,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,387 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Halligan sold 8,265 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $446.98, for a total value of $3,694,289.70. Following the completion of the sale, the director directly owned 513,466 shares of the company’s stock, valued at $229,509,032.68. This represents a 1.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 50,863 shares of company stock worth $24,641,332 over the last ninety days. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HUBS shares. Canaccord Genuity Group reduced their price target on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Stifel Nicolaus reduced their price target on shares of HubSpot from $650.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Wall Street Zen downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. BMO Capital Markets decreased their target price on shares of HubSpot from $600.00 to $550.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Finally, Sanford C. Bernstein raised shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price for the company in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $718.04.

HubSpot Stock Performance

NYSE:HUBS opened at $476.89 on Friday. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13. The stock’s 50 day moving average price is $477.38 and its 200 day moving average price is $531.46. The company has a market capitalization of $25.13 billion, a P/E ratio of -2,073.45, a P/E/G ratio of 16.11 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $739.94 million. During the same quarter in the previous year, the business earned $1.94 EPS. HubSpot’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.