Covestor Ltd Sells 30 Shares of HubSpot, Inc. (NYSE:HUBS)

Covestor Ltd lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 20.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 117 shares of the software maker’s stock after selling 30 shares during the period. Covestor Ltd’s holdings in HubSpot were worth $62,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in HubSpot in the 2nd quarter worth approximately $35,000. HM Payson & Co. raised its position in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Crewe Advisors LLC raised its position in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after acquiring an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of HubSpot by 41.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $28,881,300. This represents a 9.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 1,507 shares of HubSpot stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $792,440.88. Following the completion of the transaction, the chief executive officer now directly owns 62,668 shares of the company’s stock, valued at $32,953,341.12. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,891 shares of company stock valued at $6,662,473 in the last three months. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of HUBS stock opened at $696.45 on Friday. The firm’s 50-day moving average is $547.33 and its 200-day moving average is $547.24. The stock has a market cap of $35.95 billion, a price-to-earnings ratio of -2,592.50, a PEG ratio of 85.25 and a beta of 1.63. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $724.61.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating 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%. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. Sell-side analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $750.00 price target (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Canaccord Genuity Group boosted their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BMO Capital Markets boosted their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Finally, Bank of America decreased their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company 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 company has a consensus rating of “Moderate Buy” and an average price target of $672.68.

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.