HubSpot, Inc. $HUBS Stock Position Reduced by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 89.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,036 shares of the software maker’s stock after selling 26,484 shares during the period. Y Intercept Hong Kong Ltd’s holdings in HubSpot were worth $1,420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HUBS. Empowered Funds LLC raised its holdings in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after acquiring an additional 737 shares in the last quarter. Truist Financial Corp increased its position in HubSpot by 4.3% in the 2nd quarter. Truist Financial Corp now owns 10,666 shares of the software maker’s stock worth $5,937,000 after purchasing an additional 439 shares during the last quarter. ASR Vermogensbeheer N.V. raised its stake in shares of HubSpot by 7.7% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 4,023 shares of the software maker’s stock worth $2,239,000 after purchasing an additional 286 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of HubSpot by 0.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,101 shares of the software maker’s stock worth $5,066,000 after purchasing an additional 30 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of HubSpot during the 2nd quarter valued at about $32,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HUBS. Zacks Research lowered shares of HubSpot from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Needham & Company LLC cut their price target on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company reduced their price objective on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Citigroup reissued a “buy” rating on shares of HubSpot in a research report on Monday, January 12th. Finally, Jefferies Financial Group cut their target price on HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $593.07.

Insider Activity

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the sale, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 25,735 shares of company stock worth $8,943,006 over the last three months. 4.00% of the stock is currently owned by company insiders.

HubSpot Stock Down 0.6%

Shares of NYSE:HUBS opened at $279.98 on Friday. The company has a market cap of $14.67 billion, a price-to-earnings ratio of -3,499.75, a PEG ratio of 6.68 and a beta of 1.46. The business has a 50 day moving average price of $364.54 and a 200 day moving average price of $434.09. HubSpot, Inc. has a twelve month low of $276.73 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 EPS. Analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.