Catalyst Financial Partners LLC Cuts Position in HubSpot, Inc. (NYSE:HUBS)

Catalyst Financial Partners LLC lowered its position in HubSpot, Inc. (NYSE:HUBS) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 519 shares of the software maker’s stock after selling 20 shares during the quarter. Catalyst Financial Partners LLC’s holdings in HubSpot were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. Hazlett Burt & Watson Inc. raised its position in shares of HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after acquiring an additional 25 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after purchasing an additional 27 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in HubSpot by 1.4% during the first quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker’s stock worth $1,249,000 after purchasing an additional 28 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of HubSpot by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after buying an additional 30 shares during the last quarter. Finally, Quent Capital LLC grew its position in shares of HubSpot by 13.0% in the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock valued at $154,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of research reports. Raymond James reduced their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Canaccord Genuity Group reduced their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler restated an “overweight” rating and set a $570.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Barclays reduced their price objective on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, UBS Group lowered their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $614.33.

Insider Activity at HubSpot

In other HubSpot 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 value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,937 shares of company stock valued at $3,194,673. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

HubSpot stock opened at $555.22 on Friday. HubSpot, Inc. has a fifty-two week low of $408.62 and a fifty-two week high of $693.85. The stock has a fifty day moving average of $523.23 and a two-hundred day moving average of $548.31. The company has a market capitalization of $28.30 billion, a price-to-earnings ratio of -209.52, a PEG ratio of 7,068.33 and a beta of 1.64.

HubSpot (NYSE:HUBS) last announced 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. The firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.17) EPS.

About HubSpot

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.