Jupiter Asset Management Ltd. Sells 29,646 Shares of HubSpot, Inc. $HUBS

Jupiter Asset Management Ltd. trimmed its stake in HubSpot, Inc. (NYSE:HUBS) by 30.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,614 shares of the software maker’s stock after selling 29,646 shares during the period. Jupiter Asset Management Ltd.’s holdings in HubSpot were worth $32,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its stake in shares of HubSpot by 2.5% in the third quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock valued at $503,000 after buying an additional 26 shares during the period. First Horizon Advisors Inc. increased 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 acquiring an additional 27 shares during the period. Insigneo Advisory Services LLC raised its holdings in HubSpot by 6.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock valued at $262,000 after acquiring an additional 28 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of HubSpot by 5.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock worth $244,000 after acquiring an additional 28 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of HubSpot by 9.1% during the 3rd quarter. Bessemer Group Inc. now owns 335 shares of the software maker’s stock worth $156,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,691 shares of company stock valued at $8,136,702. Corporate insiders own 4.00% of the company’s stock.

HubSpot Stock Down 4.3%

Shares of HUBS stock opened at $239.36 on Friday. The company has a market capitalization of $12.62 billion, a P/E ratio of 275.13, a P/E/G ratio of 3.71 and a beta of 1.44. HubSpot, Inc. has a 12-month low of $207.20 and a 12-month high of $766.63. The firm has a 50-day moving average price of $326.43 and a 200 day moving average price of $404.67.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial lowered their price objective on HubSpot from $650.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Mizuho lowered their price target on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Stifel Nicolaus reduced their price objective on shares of HubSpot from $550.00 to $500.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Jefferies Financial Group decreased their target price on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Piper Sandler dropped their price target on shares of HubSpot from $400.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $452.70.

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.