Amalgamated Bank Sells 60 Shares of HubSpot, Inc. (NYSE:HUBS)

Amalgamated Bank lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1.8% in the third quarter, HoldingsChannel.com reports. The fund owned 3,243 shares of the software maker’s stock after selling 60 shares during the period. Amalgamated Bank’s holdings in HubSpot were worth $1,724,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in shares of HubSpot by 4.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 62,239 shares of the software maker’s stock valued at $33,140,000 after buying an additional 2,707 shares in the last quarter. Empire Life Investments Inc. raised its holdings in shares of HubSpot by 95.4% during the 3rd quarter. Empire Life Investments Inc. now owns 11,600 shares of the software maker’s stock valued at $6,167,000 after buying an additional 5,663 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of HubSpot by 4.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,628 shares of the software maker’s stock valued at $1,398,000 after buying an additional 101 shares in the last quarter. Norris Perne & French LLP MI raised its holdings in shares of HubSpot by 4.7% during the 3rd quarter. Norris Perne & French LLP MI now owns 35,772 shares of the software maker’s stock valued at $19,016,000 after buying an additional 1,621 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of HubSpot by 17.2% during the 3rd quarter. US Bancorp DE now owns 2,421 shares of the software maker’s stock valued at $1,287,000 after buying an additional 356 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HUBS. Wells Fargo & Company raised their price objective on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Barclays lifted their price target on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group lifted their price target on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $666.26.

HubSpot Stock Up 3.0 %

Shares of HUBS stock opened at $701.52 on Wednesday. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of -2,522.09, a PEG ratio of 8,729.41 and a beta of 1.63. The business’s fifty day moving average is $539.09 and its 200 day moving average is $545.67. HubSpot, Inc. has a twelve month low of $425.07 and a twelve month high of $702.81.

HubSpot (NYSE:HUBS) last released 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. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $755,700.00. Following the sale, the chief executive officer now directly owns 61,294 shares of the company’s stock, valued at approximately $33,711,700. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Yamini Rangan sold 1,374 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $755,700.00. Following the transaction, the chief executive officer now directly owns 61,294 shares of the company’s stock, valued at $33,711,700. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,937 shares of company stock valued at $3,194,673. Insiders own 4.50% of the company’s stock.

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.