Toronto Dominion Bank Decreases Position in HubSpot, Inc. (NYSE:HUBS)

Toronto Dominion Bank decreased its position in HubSpot, Inc. (NYSE:HUBS) by 26.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,622 shares of the software maker’s stock after selling 1,626 shares during the period. Toronto Dominion Bank’s holdings in HubSpot were worth $2,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of HubSpot by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after purchasing an additional 119,999 shares in the last quarter. Hsbc Holdings PLC grew its position in HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after buying an additional 2,057 shares in the last quarter. Stifel Financial Corp increased its stake in HubSpot by 15.1% in the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after acquiring an additional 4,371 shares during the last quarter. Strs Ohio increased its stake in HubSpot by 1,203.0% in the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after acquiring an additional 18,466 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of HubSpot by 19.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after acquiring an additional 3,671 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on HUBS. Canaccord Genuity Group cut their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Mizuho cut their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. KeyCorp lowered their price objective on shares of HubSpot from $520.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. Barclays cut their target price on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Finally, Piper Sandler lowered 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $633.88.

HubSpot Stock Performance

HubSpot stock opened at $492.72 on Friday. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85. The firm has a market cap of $25.11 billion, a P/E ratio of -185.93 and a beta of 1.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $563.62 and a 200-day moving average of $596.98.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The firm had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. Sell-side analysts expect that HubSpot, Inc. will post -0.44 EPS for the current year.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares in the company, valued at approximately $40,332,333.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 2,190 shares of HubSpot stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $625.00, for a total value of $1,368,750.00. Following the sale, the chief financial officer now owns 45,737 shares in the company, valued at $28,585,625. The disclosure for this sale can be found here. Insiders have sold a total of 46,491 shares of company stock worth $26,699,609 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

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.