HubSpot, Inc. (NYSE:HUBS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,780 shares of the software maker’s stock after selling 2,295 shares during the period. State of Alaska Department of Revenue’s holdings in HubSpot were worth $6,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Riverview Trust Co acquired a new position in shares of HubSpot during the first quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new stake in shares of HubSpot in the fourth quarter valued at $29,000. Venturi Wealth Management LLC boosted its position in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Larson Financial Group LLC boosted its holdings in HubSpot by 1,380.0% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after buying an additional 69 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of HubSpot during the 4th quarter worth $50,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Up 1.5 %

HUBS stock opened at $592.65 on Thursday. The company has a 50-day moving average of $599.20 and a two-hundred day moving average of $604.07. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. Equities analysts anticipate that HubSpot, Inc. will post -0.55 EPS for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares in the company, valued at approximately $334,656,763.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the sale, the insider now owns 10,860 shares of the company’s stock, valued at $7,059,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,491 shares of company stock worth $13,421,594. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on HUBS shares. Piper Sandler cut their price objective on HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company lifted their price objective on shares of HubSpot from $725.00 to $750.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Stifel Nicolaus decreased their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Barclays dropped their price target on HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Finally, KeyCorp assumed coverage on HubSpot in a research note on Thursday, March 21st. They set an “underweight” rating and a $520.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $641.00.

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.