Alta Wealth Advisors LLC Sells 86 Shares of HubSpot, Inc. (NYSE:HUBS)

Alta Wealth Advisors LLC lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,961 shares of the software maker’s stock after selling 86 shares during the period. Alta Wealth Advisors LLC’s holdings in HubSpot were worth $1,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after acquiring an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 last quarter. Jennison Associates LLC increased its stake in shares of HubSpot by 62.1% in the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after buying an additional 604,554 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in HubSpot by 0.8% during 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 buying an additional 3,775 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in HubSpot by 0.9% during the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after buying an additional 4,242 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Bank of America decreased their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Evercore ISI reduced their price objective on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, Raymond James decreased their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $611.83.

HubSpot Stock Performance

NYSE HUBS opened at $537.14 on Friday. The company has a market capitalization of $27.37 billion, a price-to-earnings ratio of -202.69, a PEG ratio of 7,193.98 and a beta of 1.64. The stock has a 50-day moving average of $512.22 and a 200 day moving average of $554.47. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85.

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

Insider Buying and Selling at HubSpot

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