HubSpot, Inc. (NYSE:HUBS) Shares Sold by BluePath Capital Management LLC

BluePath Capital Management LLC trimmed its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.7% during the first quarter, Holdings Channel.com reports. The fund owned 869 shares of the software maker’s stock after selling 24 shares during the period. BluePath Capital Management LLC’s holdings in HubSpot were worth $544,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HUBS. Wellington Management Group LLP grew its stake in HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after acquiring an additional 626,977 shares during the last quarter. Norges Bank acquired a new stake in HubSpot in the 4th quarter valued at about $311,236,000. Twin Focus Capital Partners LLC grew its stake in HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after acquiring an additional 487,348 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of HubSpot by 87.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock worth $262,022,000 after purchasing an additional 210,138 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of HubSpot during the 4th quarter worth about $114,983,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBS has been the topic of several analyst reports. Piper Sandler decreased their price target on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Scotiabank raised their price target on shares of HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a research note on Friday, April 5th. Citigroup decreased their price target on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Wells Fargo & Company raised their price target on shares of HubSpot from $725.00 to $750.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. Finally, 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 research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $641.00.

HubSpot Stock Up 1.5 %

Shares of HUBS traded up $8.51 during mid-day trading on Wednesday, reaching $592.65. 251,491 shares of the stock traded hands, compared to its average volume of 575,512. The firm has a market cap of $30.20 billion, a price-to-earnings ratio of -223.51 and a beta of 1.60. The stock has a fifty day simple moving average of $599.20 and a 200 day simple moving average of $604.07. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The company had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. Sell-side analysts expect that HubSpot, Inc. will post -0.55 EPS for the current fiscal year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kathryn Bueker sold 2,190 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $625.00, for a total transaction of $1,368,750.00. Following the completion of the sale, the chief financial officer now owns 45,737 shares of the company’s stock, valued at $28,585,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold 17,479 shares of company stock worth $11,043,280 over the last 90 days. Company insiders own 4.50% of the company’s stock.

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.