HubSpot, Inc. (NYSE:HUBS) Holdings Lowered by Quantum Private Wealth LLC

Quantum Private Wealth LLC reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,220 shares of the software maker’s stock after selling 300 shares during the period. HubSpot comprises about 0.8% of Quantum Private Wealth LLC’s holdings, making the stock its 24th largest holding. Quantum Private Wealth LLC’s holdings in HubSpot were worth $2,243,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HM Payson & Co. grew its holdings in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after purchasing an additional 25 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after purchasing an additional 27 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in HubSpot by 2.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after acquiring an additional 30 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after purchasing an additional 30 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $21,695,632.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $21,695,632.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,937 shares of company stock worth $3,194,673 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday. Wells Fargo & Company upped their price target on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group increased their price objective on HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BMO Capital Markets increased their price objective on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $654.71.

HubSpot Stock Up 7.7 %

Shares of HUBS stock opened at $643.74 on Friday. HubSpot, Inc. has a 12 month low of $413.07 and a 12 month high of $693.85. The business’s 50 day moving average is $529.41 and its two-hundred day moving average is $545.99. The company has a market cap of $33.06 billion, a PE ratio of -1,192.09, a price-to-earnings-growth ratio of 7,506.16 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.17) earnings per share.

HubSpot Company 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.