Highland Capital Management LLC Sells 64 Shares of HubSpot, Inc. (NYSE:HUBS)

Highland Capital Management LLC trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,662 shares of the software maker’s stock after selling 64 shares during the period. Highland Capital Management LLC’s holdings in HubSpot were worth $884,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HUBS. Ballentine Partners LLC boosted its holdings in HubSpot by 8.5% in the third quarter. Ballentine Partners LLC now owns 539 shares of the software maker’s stock worth $287,000 after acquiring an additional 42 shares in the last quarter. Moody Lynn & Lieberson LLC raised its position in shares of HubSpot by 28.8% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 452 shares of the software maker’s stock worth $240,000 after purchasing an additional 101 shares during the last quarter. Zweig DiMenna Associates LLC boosted its stake in HubSpot by 76.7% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 32,254 shares of the software maker’s stock worth $17,146,000 after purchasing an additional 14,000 shares in the last quarter. IFM Investors Pty Ltd grew its position in HubSpot by 1.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 10,066 shares of the software maker’s stock valued at $5,351,000 after purchasing an additional 110 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in HubSpot by 214,342.4% during the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after purchasing an additional 126,462 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now directly owns 9,735 shares in the company, valued at approximately $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 accessible through this link. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,321 shares of company stock worth $3,374,089. 4.50% of the stock is owned by insiders.

HubSpot Stock Performance

Shares of HUBS stock opened at $565.67 on Friday. The stock has a fifty day simple moving average of $518.03 and a two-hundred day simple moving average of $550.50. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The firm has a market capitalization of $29.05 billion, a PE ratio of -1,047.52, a PEG ratio of 7,068.33 and a beta of 1.64.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus increased their target price on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Bank of America decreased their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective (down from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Finally, KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $614.33.

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.