Ensign Peak Advisors Inc Sells 67,797 Shares of HubSpot, Inc. (NYSE:HUBS)

Ensign Peak Advisors Inc trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 45.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,606 shares of the software maker’s stock after selling 67,797 shares during the period. Ensign Peak Advisors Inc owned approximately 0.16% of HubSpot worth $47,541,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HUBS. Wellington Management Group LLP lifted its stake in shares of HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after buying an additional 626,977 shares in the last quarter. Jennison Associates LLC lifted its position in HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after acquiring an additional 604,554 shares in the last quarter. Twin Focus Capital Partners LLC boosted its stake in HubSpot by 92,828.2% during the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in HubSpot during the 4th quarter worth approximately $114,983,000. Finally, 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. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The stock was 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 owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction on Friday, August 2nd. The stock was 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 in the company, valued at $4,548,484.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 116 shares of HubSpot 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 sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,012 shares of company stock valued at $21,300,253. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HUBS. Raymond James cut their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Piper Sandler reiterated an “overweight” rating and issued a $570.00 target price on shares of HubSpot in a research note on Thursday. Barclays lowered their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Canaccord Genuity Group cut their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Bank of America decreased their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $610.79.

HubSpot Stock Down 0.6 %

NYSE HUBS opened at $526.88 on Friday. The firm has a market cap of $26.85 billion, a P/E ratio of -198.82, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The company’s 50 day moving average is $489.80 and its 200-day moving average is $566.20. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the previous year, the firm posted ($1.17) EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts expect that HubSpot, Inc. will post 0.01 EPS 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.