Affinity Capital Advisors LLC Sells 94 Shares of HubSpot, Inc. (NYSE:HUBS)

Affinity Capital Advisors LLC lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 18.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 416 shares of the software maker’s stock after selling 94 shares during the quarter. Affinity Capital Advisors LLC’s holdings in HubSpot were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HUBS. Riverview Trust Co purchased a new position in shares of HubSpot in the first quarter valued at about $27,000. Rakuten Securities Inc. purchased a new position in shares of HubSpot in the fourth quarter valued at about $29,000. Venturi Wealth Management LLC increased its position in shares of HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after acquiring an additional 47 shares during the period. Larson Financial Group LLC increased its position in shares of HubSpot by 1,380.0% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after acquiring an additional 69 shares during the period. Finally, Principal Securities Inc. purchased a new position in shares of HubSpot in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, insider Dawson Alyssa Harvey sold 192 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total value of $124,800.00. Following the completion of the sale, the insider now directly owns 10,860 shares of the company’s stock, valued at $7,059,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Dawson Alyssa Harvey sold 192 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now owns 10,860 shares in the company, valued at $7,059,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,874 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the transaction, the chief executive officer now owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The disclosure for this sale can be found here. Insiders sold a total of 20,353 shares of company stock valued at $12,845,623 over the last three months. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Down 2.0 %

HUBS stock traded down $11.46 during midday trading on Wednesday, reaching $573.75. 65,698 shares of the company’s stock traded hands, compared to its average volume of 570,739. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average is $604.78 and its 200 day moving average is $602.34.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The firm had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. As a group, sell-side analysts expect that HubSpot, Inc. will post -0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. TD Cowen reduced their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Citigroup reduced their price target on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Barclays reduced their price target on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Finally, KeyCorp assumed coverage on shares of HubSpot in a research report on Thursday, March 21st. They set an “underweight” rating and a $520.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $641.00.

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.