Bouvel Investment Partners LLC Sells 24 Shares of HubSpot, Inc. (NYSE:HUBS)

Bouvel Investment Partners LLC cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,771 shares of the software maker’s stock after selling 24 shares during the quarter. Bouvel Investment Partners LLC’s holdings in HubSpot were worth $941,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in HubSpot during the second quarter worth about $35,000. HM Payson & Co. increased its position in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after purchasing an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of HubSpot by 41.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after buying an additional 32 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Yamini Rangan sold 1,507 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the sale, the chief executive officer now directly owns 62,668 shares in the company, valued at $32,953,341.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,891 shares of company stock valued at $6,662,473 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Performance

HUBS opened at $700.00 on Thursday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $724.61. The firm has a market cap of $36.13 billion, a P/E ratio of -2,592.50, a price-to-earnings-growth ratio of 85.25 and a beta of 1.63. The business’s fifty day moving average is $543.21 and its 200-day moving average is $546.16.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. HubSpot’s revenue was up 20.1% compared to the same quarter last year. On average, research analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on HUBS. Citigroup cut their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company raised their target price on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their price target on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Raymond James cut their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $666.26.

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.