Canada Pension Plan Investment Board Sells 2,866 Shares of HubSpot, Inc. (NYSE:HUBS)

Canada Pension Plan Investment Board lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 20.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,406 shares of the software maker’s stock after selling 2,866 shares during the quarter. Canada Pension Plan Investment Board’s holdings in HubSpot were worth $6,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of HubSpot by 14.3% in the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after acquiring an additional 15 shares during the last quarter. First Affirmative Financial Network raised its holdings in HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after purchasing an additional 18 shares during the period. Lindbrook Capital LLC boosted its position in shares of HubSpot by 17.9% during the first quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock worth $86,000 after purchasing an additional 21 shares in the last quarter. Eagle Wealth Strategies LLC grew its holdings in shares of HubSpot by 5.8% in the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after buying an additional 21 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after buying an additional 25 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $570.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective (down from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Wells Fargo & Company dropped their target price on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Evercore ISI reduced their price target on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Finally, Raymond James lowered their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Trading Up 0.9 %

Shares of HUBS stock opened at $532.11 on Wednesday. The stock has a 50 day simple moving average of $491.77 and a 200 day simple moving average of $564.77. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The stock has a market cap of $27.12 billion, a P/E ratio of -200.80, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its earnings results 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. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the firm posted ($1.17) EPS. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts forecast that HubSpot, Inc. will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Yamini Rangan sold 116 shares of HubSpot 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 approximately $33,009,441.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,135 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $672,828.00. Following the completion of the transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock worth $21,300,253 over the last three months. 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.