HubSpot, Inc. (NYSE:HUBS) Stock Holdings Lowered by Peak Financial Management Inc.

Peak Financial Management Inc. lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 694 shares of the software maker’s stock after selling 21 shares during the period. Peak Financial Management Inc.’s holdings in HubSpot were worth $369,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HUBS. Vanguard Group Inc. lifted its holdings in HubSpot by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after purchasing an additional 39,098 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in HubSpot by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after purchasing an additional 176,336 shares during the period. Jennison Associates LLC lifted its holdings in HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after acquiring an additional 604,554 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 0.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after purchasing an additional 3,775 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of HubSpot by 0.9% in the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after purchasing an additional 4,242 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the subject of several research reports. Bank of America reduced their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and set a $625.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. BMO Capital Markets reiterated an “outperform” rating and set a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Piper Sandler restated an “overweight” rating and issued a $570.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group lowered their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $611.83.

HubSpot Stock Down 2.1 %

Shares of NYSE:HUBS traded down $11.88 during midday trading on Tuesday, reaching $548.21. 337,165 shares of the company traded hands, compared to its average volume of 604,284. The firm has a market capitalization of $27.94 billion, a price-to-earnings ratio of -211.28, a price-to-earnings-growth ratio of 7,193.98 and a beta of 1.64. The firm’s fifty day moving average price is $506.44 and its two-hundred day moving average price is $556.42. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85.

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

Insider Transactions at HubSpot

In other news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,321 shares of company stock valued at $3,374,089. Corporate insiders own 4.50% of the company’s stock.

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.