HubSpot, Inc. (NYSE:HUBS) Shares Sold by Crewe Advisors LLC

Crewe Advisors LLC decreased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 48.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53 shares of the software maker’s stock after selling 50 shares during the period. Crewe Advisors LLC’s holdings in HubSpot were worth $37,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GDS Wealth Management acquired a new position in HubSpot during the third quarter worth approximately $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the third quarter worth approximately $624,000. Icon Wealth Advisors LLC increased its position in HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares during the last quarter. Curi RMB Capital LLC increased its position in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP increased its position in HubSpot by 113.4% during the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock worth $9,923,000 after purchasing an additional 9,919 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock valued at $54,900,427 in the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Down 0.3 %

HUBS stock opened at $777.56 on Friday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $811.79. The firm’s 50-day simple moving average is $726.93 and its 200 day simple moving average is $607.31. The stock has a market cap of $40.14 billion, a PE ratio of -2,879.75, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter last year, the company earned ($0.04) EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Equities analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Mizuho boosted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Barclays boosted their price objective on shares of HubSpot from $650.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price objective on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $732.88.

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.