HubSpot, Inc. $HUBS Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 18.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,025 shares of the software maker’s stock after selling 230 shares during the period. IFP Advisors Inc’s holdings in HubSpot were worth $570,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Callan Family Office LLC acquired a new position in HubSpot in the second quarter worth about $1,681,000. Maryland State Retirement & Pension System grew its stake in HubSpot by 8.2% in the second quarter. Maryland State Retirement & Pension System now owns 2,471 shares of the software maker’s stock worth $1,375,000 after purchasing an additional 187 shares in the last quarter. Sax Wealth Advisors LLC grew its stake in HubSpot by 40.0% in the second quarter. Sax Wealth Advisors LLC now owns 1,767 shares of the software maker’s stock worth $984,000 after purchasing an additional 505 shares in the last quarter. Slow Capital Inc. grew its stake in HubSpot by 3.2% in the second quarter. Slow Capital Inc. now owns 12,275 shares of the software maker’s stock worth $6,832,000 after purchasing an additional 382 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its stake in HubSpot by 0.4% in the second quarter. KLP Kapitalforvaltning AS now owns 26,850 shares of the software maker’s stock worth $14,946,000 after purchasing an additional 100 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HUBS shares. Wall Street Zen downgraded HubSpot from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Canaccord Genuity Group decreased their target price on HubSpot from $765.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Citigroup decreased their target price on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Wells Fargo & Company started coverage on HubSpot in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $685.00 target price for the company. Finally, UBS Group restated an “outperform” rating on shares of HubSpot in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $723.11.

Insider Transactions at HubSpot

In related news, CTO Dharmesh Shah sold 4,747 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 38,794 shares in the company, valued at $19,397,000. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,598 shares of company stock worth $20,947,042 in the last three months. 4.00% of the stock is currently owned by company insiders.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $457.60 on Wednesday. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of -1,989.58, a PEG ratio of 15.52 and a beta of 1.58. The stock’s 50 day moving average price is $473.53 and its 200 day moving average price is $537.29.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm 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 company earned $1.94 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

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.