Point72 Hong Kong Ltd Cuts Stock Position in HubSpot, Inc. (NYSE:HUBS)

Point72 Hong Kong Ltd decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 78.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,431 shares of the software maker’s stock after selling 19,949 shares during the quarter. Point72 Hong Kong Ltd’s holdings in HubSpot were worth $2,887,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on HUBS shares. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. Royal Bank of Canada increased their price target on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays boosted their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Canaccord Genuity Group increased their target price on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Oppenheimer boosted their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

Insider Activity

In other news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $21,695,632.56. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction 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. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,391 shares of company stock worth $29,101,488. Insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

Shares of HubSpot stock opened at $721.05 on Monday. The company has a market capitalization of $37.22 billion, a PE ratio of -2,670.46, a P/E/G ratio of 87.65 and a beta of 1.63. The company has a 50-day simple moving average of $597.13 and a two-hundred day simple moving average of $555.74. HubSpot, Inc. has a one year low of $434.84 and a one year high of $754.56.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. On average, equities analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

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.