Perpetual Ltd Sells 245 Shares of HubSpot, Inc. (NYSE:HUBS)

Perpetual Ltd lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 16.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,209 shares of the software maker’s stock after selling 245 shares during the quarter. Perpetual Ltd’s holdings in HubSpot were worth $842,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Ballentine Partners LLC increased its stake in shares of HubSpot by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock valued at $393,000 after buying an additional 25 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Oak Ridge Investments LLC purchased a new position in HubSpot during the 4th quarter valued at $409,000. Smith Salley Wealth Management bought a new position in HubSpot in the 4th quarter worth $348,000. Finally, Jackson Square Capital LLC purchased a new stake in shares of HubSpot in the 4th quarter worth about $2,844,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of a number of research analyst reports. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Truist Financial restated a “buy” rating and set a $750.00 target price (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Oppenheimer increased their price target on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, UBS Group lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $721.26.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares of the company’s stock, valued at $1,170,930. This represents a 25.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 in the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot Trading Up 0.7 %

Shares of HUBS stock opened at $731.22 on Thursday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The stock has a market capitalization of $37.75 billion, a P/E ratio of -2,708.14, a P/E/G ratio of 38.85 and a beta of 1.70. The firm’s 50 day moving average is $714.40 and its 200 day moving average is $587.76.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate 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 company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. HubSpot’s revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current year.

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.