Truist Financial Corp Sells 4,032 Shares of HubSpot, Inc. (NYSE:HUBS)

Truist Financial Corp trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,944 shares of the software maker’s stock after selling 4,032 shares during the quarter. Truist Financial Corp’s holdings in HubSpot were worth $13,900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in shares of HubSpot by 728.0% in the third quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock worth $390,126,000 after buying an additional 696,469 shares during the period. Wellington Management Group LLP raised its stake in HubSpot by 26.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after acquiring an additional 257,632 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in HubSpot by 552.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 241,203 shares of the software maker’s stock valued at $118,792,000 after purchasing an additional 204,241 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of HubSpot by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after purchasing an additional 166,381 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of HubSpot during the 4th quarter valued at $45,835,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Up 0.2 %

NYSE HUBS opened at $606.09 on Thursday. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The firm has a market capitalization of $30.86 billion, a price-to-earnings ratio of -170.73 and a beta of 1.58. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $628.72 and a two-hundred day moving average of $562.65.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. On average, analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on HUBS shares. Wolfe Research upped their target price on shares of HubSpot from $660.00 to $715.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Piper Sandler reissued an “overweight” rating and set a $675.00 target price on shares of HubSpot in a research note on Friday, April 5th. Royal Bank of Canada upped their price target on HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. TheStreet upgraded shares of HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company upped their target price on shares of HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $642.36.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 8,817 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the transaction, the chief executive officer now directly owns 88,977 shares in the company, valued at approximately $55,165,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. In the last three months, insiders sold 22,362 shares of company stock valued at $14,012,491. Insiders own 4.90% 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.