HubSpot, Inc. (NYSE:HUBS) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its position in HubSpot, Inc. (NYSE:HUBS) by 6.9% in the third quarter, Holdings Channel reports. The institutional investor owned 1,058 shares of the software maker’s stock after selling 78 shares during the period. Prime Capital Investment Advisors LLC’s holdings in HubSpot were worth $562,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Bank of America cut their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. UBS Group upped their target price on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Citigroup cut their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $672.68.

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 4,381 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,891 shares of company stock worth $6,662,473. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Down 2.8 %

NYSE:HUBS opened at $677.07 on Friday. The firm’s fifty day simple moving average is $551.16 and its 200-day simple moving average is $548.28. The stock has a market cap of $34.95 billion, a PE ratio of -2,507.57, a price-to-earnings-growth ratio of 85.11 and a beta of 1.63. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $724.61.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. Equities analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current year.

HubSpot 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.