HubSpot, Inc. (NYSE:HUBS) Shares Sold by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 4.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 460 shares of the software maker’s stock after selling 19 shares during the period. Catalyst Financial Partners LLC’s holdings in HubSpot were worth $267,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in HubSpot by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock worth $2,300,168,000 after purchasing an additional 41,689 shares during the last quarter. JPMorgan Chase & Co. grew its stake in HubSpot by 6.5% during 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 purchasing an additional 166,381 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of HubSpot by 26.0% in the third quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after purchasing an additional 257,632 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of HubSpot by 22.8% during the fourth quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock worth $564,840,000 after purchasing an additional 180,822 shares during the period. Finally, Scge Management L.P. boosted its position in HubSpot by 10.7% in the third quarter. Scge Management L.P. now owns 449,000 shares of the software maker’s stock valued at $221,132,000 after buying an additional 43,545 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays lifted their price objective on shares of HubSpot from $475.00 to $600.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Truist Financial increased their price target on HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Piper Sandler reissued an “overweight” rating and issued a $675.00 price objective on shares of HubSpot in a report on Friday, April 5th. UBS Group reaffirmed a “neutral” rating and set a $525.00 target price on shares of HubSpot in a report on Thursday, February 15th. Finally, Wells Fargo & Company lifted their price target on HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $642.36.

Insider Buying and Selling at HubSpot

In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the transaction, the insider now owns 7,783 shares of the company’s stock, valued at approximately $4,811,839.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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 owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 1,086 shares of HubSpot stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $618.25, for a total value of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares of the company’s stock, valued at approximately $4,811,839.75. The disclosure for this sale can be found here. Insiders have sold a total of 21,393 shares of company stock valued at $13,421,401 over the last quarter. 4.90% of the stock is owned by company insiders.

HubSpot Trading Down 4.2 %

Shares of HUBS traded down $26.03 during midday trading on Wednesday, reaching $589.43. The company had a trading volume of 1,180,274 shares, compared to its average volume of 502,374. The firm has a 50 day simple moving average of $628.65 and a 200-day simple moving average of $567.79. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The stock has a market cap of $30.01 billion, a PE ratio of -166.04 and a beta of 1.57. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85.

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

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.