Prime Capital Investment Advisors LLC Sells 78 Shares of HubSpot, Inc. (NYSE:HUBS)

Prime Capital Investment Advisors LLC trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,058 shares of the software maker’s stock after selling 78 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in HubSpot were worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HUBS. HM Payson & Co. grew its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after purchasing an additional 25 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after buying an additional 27 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after buying an additional 30 shares during the last quarter. Finally, Quent Capital LLC raised its position in shares of HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock valued at $154,000 after buying an additional 30 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several analyst reports. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a research note on Thursday, August 8th. Oppenheimer raised their price target on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup dropped their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company increased their price target on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Trading Down 2.8 %

Shares of NYSE HUBS opened at $677.07 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $724.61. The stock’s fifty day simple moving average is $551.16 and its two-hundred day simple moving average is $548.28. The stock has a market capitalization of $34.95 billion, a PE ratio of -2,507.57, a price-to-earnings-growth ratio of 85.11 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. On average, equities analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,891 shares of company stock worth $6,662,473 in the last 90 days. 4.50% of the stock is owned by corporate insiders.

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.