Natixis Sells 872 Shares of HubSpot, Inc. (NYSE:HUBS)

Natixis reduced its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 22.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,001 shares of the software maker’s stock after selling 872 shares during the quarter. Natixis’ holdings in HubSpot were worth $1,880,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HUBS. Wellington Management Group LLP boosted its holdings in shares of 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 last quarter. Jennison Associates LLC boosted its holdings in shares of HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after buying an additional 604,554 shares during the last quarter. Norges Bank acquired a new stake in shares of HubSpot in the 4th quarter valued at approximately $311,236,000. Twin Focus Capital Partners LLC boosted its holdings in shares of HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after buying an additional 487,348 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 87.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock valued at $262,022,000 after buying an additional 210,138 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Dawson Alyssa Harvey sold 469 shares of HubSpot stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $620.15, for a total value of $290,850.35. Following the transaction, the insider now directly owns 11,052 shares of the company’s stock, valued at $6,853,897.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dawson Alyssa Harvey sold 469 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $620.15, for a total value of $290,850.35. Following the completion of the transaction, the insider now directly owns 11,052 shares in the company, valued at $6,853,897.80. The disclosure for this sale can be found here. Insiders have sold a total of 46,491 shares of company stock valued at $26,699,609 over the last ninety days. 4.50% of the stock is owned by company insiders.

HubSpot Trading Up 5.0 %

Shares of NYSE:HUBS traded up $23.84 during midday trading on Thursday, hitting $497.17. 1,085,529 shares of the stock were exchanged, compared to its average volume of 638,248. The stock has a market capitalization of $25.34 billion, a price-to-earnings ratio of -187.01 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50-day moving average price is $568.33 and its 200 day moving average price is $597.89. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.27. The company had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. Analysts predict that HubSpot, Inc. will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on HUBS shares. Stifel Nicolaus cut their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Canaccord Genuity Group dropped their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Wells Fargo & Company dropped their target price on HubSpot from $750.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Piper Sandler decreased their price target on HubSpot from $655.00 to $570.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Barclays decreased their price target on HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $633.88.

HubSpot 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.