BluePath Capital Management LLC Sells 24 Shares of HubSpot, Inc. (NYSE:HUBS)

BluePath Capital Management LLC cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 869 shares of the software maker’s stock after selling 24 shares during the period. BluePath Capital Management LLC’s holdings in HubSpot were worth $544,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of HubSpot by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after purchasing an additional 119,999 shares during the period. JPMorgan Chase & Co. boosted its position in HubSpot by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after buying an additional 166,381 shares during the period. Wellington Management Group LLP boosted its position in HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after buying an additional 626,977 shares during the period. Jennison Associates LLC boosted its position in HubSpot by 22.8% in the 4th quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock valued at $564,840,000 after buying an additional 180,822 shares during the period. Finally, Norges Bank purchased a new stake in HubSpot in the 4th quarter valued at about $311,236,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HUBS shares. Wells Fargo & Company boosted their price objective on shares of HubSpot from $725.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. Citigroup lowered their price target on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Piper Sandler lowered their price target on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Stifel Nicolaus lowered their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, TD Cowen lowered their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $641.00.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the sale, the chief financial officer now owns 45,737 shares in the company, valued at $28,197,317.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Dawson Alyssa Harvey sold 469 shares of HubSpot stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $620.15, for a total value of $290,850.35. Following the sale, the insider now owns 11,052 shares in the company, valued at $6,853,897.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 3,937 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the transaction, the chief financial officer now owns 45,737 shares in the company, valued at $28,197,317.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,479 shares of company stock worth $11,043,280. 4.50% of the stock is owned by company insiders.

HubSpot Stock Performance

HUBS stock traded up $8.51 during midday trading on Wednesday, hitting $592.65. 251,491 shares of the stock traded hands, compared to its average volume of 575,512. The firm has a market cap of $30.20 billion, a P/E ratio of -223.51 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s fifty day simple moving average is $599.20 and its 200-day simple moving average is $604.07. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.27. The company had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, analysts expect that HubSpot, Inc. will post -0.55 earnings per share for the current year.

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.