HubSpot, Inc. (NYSE:HUBS) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 18.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,795 shares of the software maker’s stock after selling 835 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in HubSpot were worth $2,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HUBS. International Assets Investment Management LLC acquired a new position in HubSpot during the 2nd quarter worth $35,000. HM Payson & Co. boosted its position in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the period. Crewe Advisors LLC boosted its position in HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares during the period. True Wealth Design LLC acquired a new position in HubSpot during the 3rd quarter worth $62,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in HubSpot by 41.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Up 1.1 %

Shares of HUBS stock opened at $734.25 on Friday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47. The company has a market capitalization of $37.90 billion, a price-to-earnings ratio of -2,719.43, a P/E/G ratio of 90.16 and a beta of 1.70. The stock’s fifty day simple moving average is $629.72 and its 200-day simple moving average is $563.11.

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, beating 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 business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, sell-side analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 1,507 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the transaction, the chief executive officer now owns 62,668 shares in the company, valued at $32,953,341.12. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,390 shares of company stock worth $29,126,596. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on HUBS. Barclays boosted their price target on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Canaccord Genuity Group boosted their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price objective on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $684.27.

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.