HubSpot, Inc. (NYSE:HUBS) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 42.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44 shares of the software maker’s stock after selling 33 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in HubSpot were worth $26,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its stake in HubSpot by 60.0% during the fourth quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock worth $1,141,000 after purchasing an additional 737 shares during the last quarter. Principal Securities Inc. bought a new position in shares of HubSpot in the 4th quarter worth about $50,000. Dimensional Fund Advisors LP lifted its position in shares of HubSpot by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the software maker’s stock worth $41,470,000 after buying an additional 631 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of HubSpot in the 4th quarter valued at about $200,000. Finally, PNC Financial Services Group Inc. grew its position in shares of HubSpot by 74.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after buying an additional 1,560 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent research reports. Barclays cut their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. UBS Group cut their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research note on Thursday. BMO Capital Markets reiterated an “outperform” rating and issued a $570.00 target price on shares of HubSpot in a research note on Thursday. Finally, Piper Sandler reissued an “overweight” rating and set a $570.00 price target on shares of HubSpot in a report on Thursday. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

HubSpot Stock Up 5.2 %

NYSE:HUBS opened at $530.16 on Friday. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The firm has a market cap of $27.02 billion, a P/E ratio of -200.06, a PEG ratio of 3,140.82 and a beta of 1.63. The business’s 50-day moving average price is $488.79 and its 200 day moving average price is $567.18.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.17) EPS. Sell-side analysts expect that HubSpot, Inc. will post 0.01 EPS for the current year.

Insider Buying and Selling

In other news, insider Dawson Alyssa Harvey sold 384 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold 38,012 shares of company stock worth $21,300,253 in the last three months. 4.50% of the stock is currently owned by insiders.

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.