Inspire Investing LLC Sells 264 Shares of HubSpot, Inc. (NYSE:HUBS)

Inspire Investing LLC cut its stake in HubSpot, Inc. (NYSE:HUBS) by 37.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 449 shares of the software maker’s stock after selling 264 shares during the period. Inspire Investing LLC’s holdings in HubSpot were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HUBS. GAMMA Investing LLC boosted its stake in shares of HubSpot by 14.3% in the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares during the last quarter. First Affirmative Financial Network grew its holdings in HubSpot by 3.8% during the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after acquiring an additional 18 shares during the period. Lindbrook Capital LLC raised its position in shares of HubSpot by 17.9% in the 1st quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock worth $86,000 after acquiring an additional 21 shares in the last quarter. Eagle Wealth Strategies LLC lifted its stake in shares of HubSpot by 5.8% in the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after purchasing an additional 21 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HUBS shares. Royal Bank of Canada reissued an “outperform” rating and set a $700.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. UBS Group reduced their price target on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Citigroup lowered their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Barclays reduced their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, Truist Financial restated a “buy” rating and issued a $600.00 target price (down previously from $700.00) on shares of HubSpot in a research note 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 stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $610.79.

HubSpot Trading Up 0.9 %

Shares of HubSpot stock opened at $532.11 on Wednesday. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a market cap of $27.12 billion, a P/E ratio of -200.80, a PEG ratio of 3,140.82 and a beta of 1.63. The company’s fifty day simple moving average is $491.77 and its two-hundred day simple moving average is $564.77.

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

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $672,828.00. Following the sale, the chief financial officer now owns 44,715 shares of the company’s stock, valued at $26,507,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $672,828.00. Following the completion of the transaction, the chief financial officer now owns 44,715 shares in the company, valued at $26,507,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The disclosure for this sale can be found here. Insiders sold a total of 38,012 shares of company stock worth $21,300,253 in the last three months. 4.50% of the stock is owned by corporate insiders.

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.