Stonegate Investment Group LLC Lowers Stock Position in HubSpot, Inc. (NYSE:HUBS)

Stonegate Investment Group LLC lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 75.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,333 shares of the software maker’s stock after selling 13,062 shares during the period. Stonegate Investment Group LLC’s holdings in HubSpot were worth $2,715,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd acquired a new stake in HubSpot in the first quarter valued at approximately $6,261,000. Maryland State Retirement & Pension System lifted its position in shares of HubSpot by 4.3% during the 1st quarter. Maryland State Retirement & Pension System now owns 3,637 shares of the software maker’s stock valued at $2,344,000 after buying an additional 151 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in HubSpot by 10.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,546 shares of the software maker’s stock valued at $969,000 after acquiring an additional 152 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in HubSpot by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 126,557 shares of the software maker’s stock worth $79,296,000 after acquiring an additional 714 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in HubSpot by 18.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 111,175 shares of the software maker’s stock worth $69,658,000 after acquiring an additional 17,561 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $634.21, for a total value of $73,568.36. Following the sale, the chief executive officer now owns 88,861 shares in the company, valued at approximately $56,356,534.81. The disclosure for this sale can be found here. Insiders have sold 22,362 shares of company stock worth $14,012,491 over the last ninety days. Corporate insiders own 4.90% of the company’s stock.

HubSpot Trading Down 4.9 %

HUBS traded down $31.12 on Tuesday, hitting $605.04. The company had a trading volume of 607,341 shares, compared to its average volume of 490,455. The company’s fifty day moving average price is $628.38 and its 200 day moving average price is $562.34. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The firm has a market cap of $30.80 billion, a P/E ratio of -170.43 and a beta of 1.59.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. As a group, equities analysts expect that HubSpot, Inc. will post -0.98 earnings per share for the current year.

Analyst Ratings Changes

HUBS has been the topic of several research analyst reports. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. Piper Sandler reissued an “overweight” rating and set a $675.00 target price on shares of HubSpot in a report on Friday, April 5th. Truist Financial lifted their price target on HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. BMO Capital Markets boosted their price target on HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Finally, TheStreet upgraded HubSpot from a “d+” rating to a “c-” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $642.36.

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.