Barclays PLC Lowers Holdings in HubSpot, Inc. (NYSE:HUBS)

Barclays PLC trimmed its holdings in HubSpot, Inc. (NYSE:HUBS) by 18.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,273 shares of the software maker’s stock after selling 14,748 shares during the quarter. Barclays PLC’s holdings in HubSpot were worth $43,455,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HUBS. Knowledge Leaders Capital LLC raised its position in shares of HubSpot by 1.2% in the third quarter. Knowledge Leaders Capital LLC now owns 1,176 shares of the software maker’s stock worth $795,000 after acquiring an additional 14 shares during the period. Edmonds Duncan Registered Investment Advisors LLC raised its position in shares of HubSpot by 4.8% in the third quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 396 shares of the software maker’s stock worth $268,000 after acquiring an additional 18 shares during the period. Keybank National Association OH raised its position in shares of HubSpot by 4.7% in the third quarter. Keybank National Association OH now owns 465 shares of the software maker’s stock worth $314,000 after acquiring an additional 21 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of HubSpot by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,568 shares of the software maker’s stock worth $3,244,000 after acquiring an additional 23 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of HubSpot by 1.3% in the second quarter. CIBC Asset Management Inc now owns 1,793 shares of the software maker’s stock worth $1,045,000 after acquiring an additional 23 shares during the period. 90.34% of the stock is currently owned by institutional investors.

In other HubSpot news, insider Brian Halligan sold 11,520 shares of the firm’s stock in a transaction that occurred on Tuesday, October 19th. The shares were sold at an average price of $796.04, for a total value of $9,170,380.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lorrie M. Norrington sold 4,082 shares of the firm’s stock in a transaction that occurred on Wednesday, December 15th. The shares were sold at an average price of $690.48, for a total transaction of $2,818,539.36. The disclosure for this sale can be found here. Insiders sold a total of 64,099 shares of company stock valued at $50,177,623 in the last three months. 8.30% of the stock is currently owned by corporate insiders.

HUBS has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of HubSpot from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 13th. The Goldman Sachs Group began coverage on shares of HubSpot in a research report on Monday, December 13th. They set a “buy” rating and a $953.00 price target for the company. Jefferies Financial Group upped their price target on shares of HubSpot from $690.00 to $875.00 and gave the stock a “buy” rating in a research report on Wednesday, October 13th. BMO Capital Markets upped their price target on shares of HubSpot from $800.00 to $850.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Finally, Truist Securities upped their price target on shares of HubSpot from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, October 13th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $797.08.

NYSE:HUBS opened at $462.20 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $712.47 and a 200 day moving average price of $687.18. HubSpot, Inc. has a fifty-two week low of $347.78 and a fifty-two week high of $866.00.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 3rd. The software maker reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.90. The firm had revenue of $339.20 million during the quarter, compared to analysts’ expectations of $326.42 million. HubSpot had a negative net margin of 6.50% and a negative return on equity of 7.59%. During the same quarter last year, the company posted ($0.34) EPS. On average, sell-side analysts anticipate that HubSpot, Inc. will post -1.49 earnings per share for the current year.

HubSpot Company Profile

HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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