HubSpot, Inc. (NYSE:HUBS) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 74.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,646 shares of the software maker’s stock after purchasing an additional 1,560 shares during the period. PNC Financial Services Group Inc.’s holdings in HubSpot were worth $2,117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in HubSpot in the 4th quarter worth approximately $29,000. Venturi Wealth Management LLC grew its position in shares of HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares during the period. Larson Financial Group LLC grew its position in shares of HubSpot by 1,380.0% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after purchasing an additional 69 shares during the period. Principal Securities Inc. acquired a new position in HubSpot in the fourth quarter valued at $50,000. Finally, Hazlett Burt & Watson Inc. lifted its position in HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after buying an additional 21 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the completion of the transaction, the insider now owns 10,860 shares in the company, valued at approximately $7,059,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total value of $124,800.00. Following the transaction, the insider now directly owns 10,860 shares in the company, valued at approximately $7,059,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 2,874 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the sale, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The disclosure for this sale can be found here. Insiders have sold 20,353 shares of company stock worth $12,845,623 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on HUBS shares. Citigroup dropped their price objective on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Piper Sandler cut their target price on HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Stifel Nicolaus reduced their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. BMO Capital Markets dropped their price target on HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Finally, KeyCorp initiated coverage on HubSpot in a research note on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $641.00.

HubSpot Trading Down 1.0 %

HUBS opened at $556.63 on Friday. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $28.37 billion, a PE ratio of -210.05 and a beta of 1.57. The firm’s fifty day moving average price is $608.73 and its 200 day moving average price is $599.28.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The company had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. As a group, research analysts expect that HubSpot, Inc. will post -0.56 EPS for the current fiscal 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.