Park Avenue Securities LLC Cuts Stake in HubSpot, Inc. (NYSE:HUBS)

Park Avenue Securities LLC cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 16.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,423 shares of the software maker’s stock after selling 274 shares during the period. Park Avenue Securities LLC’s holdings in HubSpot were worth $757,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HUBS. Riverview Trust Co bought a new stake in shares of HubSpot in the 1st quarter valued at about $27,000. Geneos Wealth Management Inc. increased its stake in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC bought a new stake in HubSpot in the second quarter valued at approximately $35,000. Crewe Advisors LLC boosted its stake in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of HubSpot during the first quarter valued at approximately $50,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Up 1.6 %

HUBS stock opened at $541.08 on Thursday. The business has a 50 day moving average of $500.14 and a 200 day moving average of $558.51. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The firm has a market cap of $27.57 billion, a PE ratio of -204.18, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.64.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned ($1.17) earnings per share.

Insiders Place Their Bets

In other news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the transaction, the insider now owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,643 shares of company stock valued at $5,640,484. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a report on Thursday, September 19th. UBS Group dropped their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and set a $700.00 price target on shares of HubSpot in a report on Thursday, September 19th. Bank of America dropped 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. Finally, Stifel Nicolaus boosted their target price on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $611.83.

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.