HubSpot, Inc. (NYSE:HUBS) Shares Sold by Covestor Ltd

Covestor Ltd cut its position in shares of HubSpot, Inc. (NYSE:HUBS) by 20.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 117 shares of the software maker’s stock after selling 30 shares during the quarter. Covestor Ltd’s holdings in HubSpot were worth $62,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of HubSpot during the 2nd quarter worth $35,000. HM Payson & Co. boosted its position in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC boosted its position in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares during the period. J.Safra Asset Management Corp boosted its position in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after buying an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after buying an additional 32 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HUBS. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. BMO Capital Markets increased their price objective on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Bank of America cut their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a report on Thursday, August 8th. Finally, Raymond James cut their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

HubSpot Stock Down 0.5 %

HUBS stock opened at $696.45 on Friday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $724.61. The company has a market cap of $35.95 billion, a PE ratio of -2,592.50, a price-to-earnings-growth ratio of 85.25 and a beta of 1.63. The business’s 50-day simple moving average is $547.33 and its 200 day simple moving average is $547.24.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same period last year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities research analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,891 shares of company stock valued at $6,662,473. 4.50% of the stock is currently owned by corporate insiders.

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.