Capital CS Group LLC Reduces Stake in HubSpot, Inc. (NYSE:HUBS)

Capital CS Group LLC lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 13.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 552 shares of the software maker’s stock after selling 86 shares during the quarter. Capital CS Group LLC’s holdings in HubSpot were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HUBS. Sanctuary Advisors LLC bought a new stake in shares of HubSpot during the 2nd quarter valued at about $3,689,000. Sycomore Asset Management boosted its position in HubSpot by 9.5% during the 2nd quarter. Sycomore Asset Management now owns 2,988 shares of the software maker’s stock valued at $1,699,000 after acquiring an additional 260 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of HubSpot by 17.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,706 shares of the software maker’s stock worth $2,776,000 after acquiring an additional 712 shares during the period. Quarry LP bought a new position in shares of HubSpot in the 2nd quarter worth approximately $146,000. Finally, NewEdge Advisors LLC lifted its stake in shares of HubSpot by 2.2% in the 2nd quarter. NewEdge Advisors LLC now owns 3,344 shares of the software maker’s stock valued at $1,972,000 after purchasing an additional 72 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $17.58 during midday trading on Friday, hitting $535.00. The company had a trading volume of 438,433 shares, compared to its average volume of 612,367. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a fifty day moving average of $498.80 and a two-hundred day moving average of $560.66. The company has a market cap of $27.26 billion, a price-to-earnings ratio of -201.96, a PEG ratio of 7,010.23 and a beta of 1.64.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned ($1.17) earnings per share.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HUBS shares. Citigroup lowered their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research report on Friday, August 9th. UBS Group lowered their price objective on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Bank of America reduced their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $570.00 target price on shares of HubSpot in a report on Thursday, September 19th. Five 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $610.79.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the company’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 of the company’s stock, valued at $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the transaction, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at approximately $791,618,983.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,643 shares of company stock valued at $20,311,734 over the last ninety days. 4.50% of the stock is currently owned by company 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.