Atria Investments Inc Has $1.57 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Atria Investments Inc lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 14.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,953 shares of the software maker’s stock after selling 501 shares during the period. Atria Investments Inc’s holdings in HubSpot were worth $1,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HUBS. M&G Plc acquired a new position in HubSpot during the first quarter valued at approximately $8,533,000. Pallas Capital Advisors LLC bought a new stake in HubSpot in the 3rd quarter valued at $624,000. Headlands Technologies LLC bought a new position in HubSpot during the second quarter worth about $3,135,000. Linden Thomas Advisory Services LLC bought a new position in shares of HubSpot during the second quarter worth approximately $1,346,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in HubSpot by 32.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 14,409 shares of the software maker’s stock valued at $8,996,000 after acquiring an additional 3,550 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HUBS shares. The Goldman Sachs Group increased their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group upped their target price on HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Canaccord Genuity Group increased their price target on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price objective on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

HubSpot Price Performance

NYSE HUBS opened at $677.07 on Friday. The company’s 50 day simple moving average is $551.16 and its two-hundred day simple moving average is $548.28. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $724.61. The stock has a market capitalization of $34.95 billion, a PE ratio of -2,511.06, a P/E/G ratio of 85.11 and a beta of 1.63.

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

Insider Activity

In related news, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,891 shares of company stock valued at $6,662,473. Corporate insiders own 4.50% of the company’s stock.

HubSpot Company 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.