Alta Wealth Advisors LLC Sells 86 Shares of HubSpot, Inc. (NYSE:HUBS)

Alta Wealth Advisors LLC lessened its position in HubSpot, Inc. (NYSE:HUBS) by 4.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,961 shares of the software maker’s stock after selling 86 shares during the period. Alta Wealth Advisors LLC’s holdings in HubSpot were worth $1,042,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of HUBS. Vanguard Group Inc. raised its holdings in shares of HubSpot by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after acquiring an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of HubSpot by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after purchasing an additional 176,336 shares during the last quarter. Jennison Associates LLC raised its stake in shares of HubSpot by 62.1% in the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after purchasing an additional 604,554 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of HubSpot by 0.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after buying an additional 3,775 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in shares of HubSpot by 0.9% during the first quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after buying an additional 4,242 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

NYSE:HUBS opened at $537.14 on Friday. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The stock’s fifty day moving average price is $512.22 and its two-hundred day moving average price is $554.47. The company has a market cap of $27.37 billion, a P/E ratio of -202.69, a P/E/G ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same quarter last year, the company earned ($1.17) EPS. The firm’s revenue was up 20.4% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial reissued a “buy” rating and issued a $600.00 price target (down from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Monday, October 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $570.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. UBS Group dropped their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Raymond James reduced their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $611.83.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,321 shares of company stock valued at $3,374,089. Corporate 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.