Prime Capital Investment Advisors LLC Sells 400 Shares of HubSpot, Inc. $HUBS

Prime Capital Investment Advisors LLC reduced its position in HubSpot, Inc. (NYSE:HUBS) by 34.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 773 shares of the software maker’s stock after selling 400 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in HubSpot were worth $430,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HUBS. Private Trust Co. NA increased its stake in HubSpot by 481.5% in the first quarter. Private Trust Co. NA now owns 157 shares of the software maker’s stock valued at $90,000 after acquiring an additional 130 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in shares of HubSpot by 2,038.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after purchasing an additional 19,973 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of HubSpot by 15.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after purchasing an additional 660 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock valued at $16,427,000 after purchasing an additional 1,276 shares during the last quarter. Finally, 111 Capital increased its stake in shares of HubSpot by 83.4% in the 2nd quarter. 111 Capital now owns 1,579 shares of the software maker’s stock valued at $879,000 after purchasing an additional 718 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Price Performance

HUBS opened at $438.97 on Friday. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The firm has a market capitalization of $23.13 billion, a price-to-earnings ratio of -1,908.57, a PEG ratio of 15.62 and a beta of 1.58. The company’s 50 day moving average price is $475.29 and its two-hundred day moving average price is $539.63.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company had revenue of $760.87 million for the quarter, compared to analysts’ expectations of $739.94 million. During the same quarter in the previous year, the firm posted $1.94 earnings per share. HubSpot’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $506.52, for a total value of $4,305,420.00. Following the sale, the director owned 522,185 shares in the company, valued at approximately $264,497,146.20. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the sale, the chief financial officer owned 38,794 shares in the company, valued at $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,098 shares of company stock worth $25,563,137. Corporate insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HUBS shares. Piper Sandler started coverage on HubSpot in a research report on Thursday, September 4th. They issued an “overweight” rating and a $675.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Stifel Nicolaus decreased their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Monday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $900.00 target price on shares of HubSpot in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein raised shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price on the stock in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $723.11.

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.