Natixis reduced its position in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) by 86.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,442 shares of the software maker’s stock after selling 15,180 shares during the quarter. Natixis’ holdings in HubSpot were worth $1,299,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBS. HM Payson & Co. acquired a new stake in HubSpot during the second quarter valued at $27,000. Altshuler Shaham Ltd acquired a new stake in HubSpot during the second quarter valued at $29,000. Smithfield Trust Co grew its position in HubSpot by 60.5% during the second quarter. Smithfield Trust Co now owns 61 shares of the software maker’s stock valued at $33,000 after purchasing an additional 23 shares during the period. Quarry LP grew its position in HubSpot by 333.3% during the first quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after purchasing an additional 70 shares during the period. Finally, KB Financial Partners LLC acquired a new stake in HubSpot during the first quarter valued at $49,000. Institutional investors and hedge funds own 87.06% of the company’s shares.
Internal activity
In other news, CFO Kathryn Bueker sold 604 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $489.17, for a total value of $295,458.68. Following the sale, the chief financial officer now directly owns 35,217 shares of the company’s stock, valued at approximately $17,227,099.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Kathryn Bueker sold 604 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $489.17, for a total value of $295,458.68. Following the sale, the chief financial officer now directly owns 35,217 shares of the company’s stock, valued at approximately $17,227,099.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 15,000 shares of HubSpot stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $470.30, with a total transaction of $7,054,500.00. Following the completion of the transaction, the chief technology officer now owns 11,000 shares of the company’s stock, valued at approximately $5,173,300. Disclosure of this sale can be found here. In the last three months, insiders have sold 41,283 shares of company stock valued at $19,596,159. Company insiders own 4.90% of the company’s stock.
Changes in analyst ratings
Several brokerages have recently issued reports on HUBS. Argus raised their target price on shares of HubSpot from $550.00 to $604.00 and gave the company a “buy” rating in a research report on Wednesday, August 16th. TheStreet cut shares of HubSpot from a “c-” rating to a “d+” rating in a research report on Tuesday, October 24th. BMO Capital Markets boosted their target price on shares of HubSpot from $520.00 to $540.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley reduced their target price on shares of HubSpot from $568.00 to $539.00 and set an “overweight” rating on the stock in a research report on Thursday, November 9th. Finally, Bank of America lifted their target price on shares of HubSpot from $635.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Four analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. HubSpot currently has an average rating of “Moderate Buy” and an average target price of $580.10, according to MarketBeat.com data.
Check out our latest stock report on HubSpot
HubSpot Price Performance
Shares of HUBS stock opened at $516.97 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.35, and a quick ratio of 2.35. The company’s 50-day moving average is $456.53, and its two-hundred-day moving average is $497.99. HubSpot, Inc. it has a 12-month low of $265.74 and a 12-month high of $581.40. The company has a market cap of $26.02 billion, a PE ratio of -143.60 and a beta of 1.62.
HubSpot (NYSE:HUBS – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.38. The business had revenue of $557.56 million during the quarter, compared to the consensus estimate of $533.70 million. HubSpot had a negative net margin of 8.67% and a negative return on equity of 7.34%. Analysts predict that HubSpot, Inc. will post -1.03 earnings per share for the current year.
HubSpot Company Profile
(Free Report)
HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe and Asia Pacific. The company’s CRM platform includes marketing, sales, service and content management systems, as well as integrated applications such as search engine optimization, blogging, website content management, messaging, chatbots, social networks , marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing tools and help desk, customer NPS surveys, analytics and reports
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