HubSpot, Inc. (NYSE:HUBS) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 56.9% in the second quarter, Holdings Channel.com reports. The fund owned 30,418 shares of the software maker’s stock after selling 40,138 shares during the period. AQR Capital Management LLC’s holdings in HubSpot were worth $17,941,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Riverview Trust Co purchased a new position in shares of HubSpot during the 1st quarter worth approximately $27,000. Geneos Wealth Management Inc. lifted its stake in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of HubSpot during the second quarter worth $35,000. Crewe Advisors LLC grew its stake in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC raised its holdings in shares of HubSpot by 54.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after buying an additional 27 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated 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 the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock valued at $18,921,939 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of several research reports. Oppenheimer reissued an “outperform” rating and set a $625.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Piper Sandler restated an “overweight” rating and issued a $570.00 price target 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 note on Thursday, August 8th. Finally, Wells Fargo & Company lowered their target price on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Trading Down 0.8 %

HUBS stock opened at $531.59 on Tuesday. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The firm has a market capitalization of $27.09 billion, a PE ratio of -200.60, a P/E/G ratio of 7,010.23 and a beta of 1.63. The firm has a 50-day moving average of $495.96 and a two-hundred day moving average of $562.27.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. HubSpot’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 business posted ($1.17) earnings per share.

About HubSpot

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.