AE Wealth Management LLC Sells 591 Shares of HubSpot, Inc. (NYSE:HUBS)

AE Wealth Management LLC trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,263 shares of the software maker’s stock after selling 591 shares during the period. AE Wealth Management LLC’s holdings in HubSpot were worth $2,514,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of HubSpot by 14.3% during the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after acquiring an additional 15 shares in the last quarter. First Affirmative Financial Network grew its position in HubSpot by 3.8% in the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after purchasing an additional 18 shares during the period. Lindbrook Capital LLC increased its stake in HubSpot by 17.9% during the 1st quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock valued at $86,000 after purchasing an additional 21 shares in the last quarter. Eagle Wealth Strategies LLC raised its holdings in HubSpot by 5.8% during the first quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock worth $246,000 after buying an additional 21 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after buying an additional 25 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HubSpot stock opened at $526.88 on Monday. The stock has a market capitalization of $26.85 billion, a P/E ratio of -198.82, a P/E/G ratio of 3,140.82 and a beta of 1.63. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The stock’s 50-day simple moving average is $489.80 and its 200 day simple moving average is $565.89.

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

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock worth $21,300,253 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $700.00 price objective on shares of HubSpot in a research note on Thursday. Citigroup cut their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets reissued an “outperform” rating and issued a $570.00 price target on shares of HubSpot in a research report on Thursday. Finally, Evercore ISI cut their price objective on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $610.79.

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.