HubSpot, Inc. (NYSE:HUBS) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 48.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 808 shares of the software maker’s stock after selling 762 shares during the quarter. Empowered Funds LLC’s holdings in HubSpot were worth $430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. International Assets Investment Management LLC acquired a new stake in shares of HubSpot during the second quarter worth about $35,000. HM Payson & Co. boosted its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC increased its holdings in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after acquiring an additional 32 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock worth $29,101,488 over the last 90 days. 4.50% of the stock is owned by company insiders.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $742.61 on Monday. The company has a market capitalization of $38.33 billion, a PE ratio of -2,750.31, a price-to-earnings-growth ratio of 87.52 and a beta of 1.63. The stock has a fifty day moving average of $575.54 and a 200-day moving average of $551.22. HubSpot, Inc. has a one year low of $434.84 and a one year high of $745.49.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter last year, the business posted ($0.04) EPS. HubSpot’s revenue was up 20.1% on a year-over-year basis. As a group, research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Bank of America cut their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

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.