Point72 Hong Kong Ltd Trims Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Point72 Hong Kong Ltd lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 78.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,431 shares of the software maker’s stock after selling 19,949 shares during the quarter. Point72 Hong Kong Ltd’s holdings in HubSpot were worth $2,887,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. HM Payson & Co. grew its stake in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after acquiring an additional 25 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in 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 purchasing an additional 27 shares in the last quarter. Crewe Advisors LLC grew its position in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares during the last quarter. Finally, Quent Capital LLC increased its stake in 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 purchasing an additional 30 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HUBS. Stifel Nicolaus increased their price target on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Barclays lifted their target price on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. The Goldman Sachs Group increased their price objective on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $750.00 price target (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Trading Down 0.2 %

NYSE HUBS opened at $721.05 on Monday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56. The stock has a market cap of $37.22 billion, a price-to-earnings ratio of -2,670.46, a PEG ratio of 87.65 and a beta of 1.63. The company’s 50 day moving average is $597.13 and its two-hundred day moving average is $555.74.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned ($0.04) EPS. Sell-side analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 4,381 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,391 shares of company stock valued at $29,101,488 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

About HubSpot

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.