Amalgamated Bank Sells 60 Shares of HubSpot, Inc. (NYSE:HUBS)

Amalgamated Bank cut its stake in HubSpot, Inc. (NYSE:HUBS) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,243 shares of the software maker’s stock after selling 60 shares during the period. Amalgamated Bank’s holdings in HubSpot were worth $1,724,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HUBS. M&G Plc bought a new position in shares of HubSpot during the 1st quarter worth approximately $8,533,000. Pallas Capital Advisors LLC bought a new position in shares of HubSpot during the 3rd quarter worth approximately $624,000. Headlands Technologies LLC bought a new position in shares of HubSpot during the 2nd quarter worth approximately $3,135,000. Linden Thomas Advisory Services LLC bought a new position in shares of HubSpot during the 2nd quarter worth approximately $1,346,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of HubSpot by 32.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 14,409 shares of the software maker’s stock worth $8,996,000 after buying an additional 3,550 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. Evercore ISI upped their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Stifel Nicolaus upped their target price on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Oppenheimer upped their target price on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $666.26.

HubSpot Price Performance

Shares of HubSpot stock opened at $701.52 on Wednesday. The firm has a market cap of $36.21 billion, a PE ratio of -2,522.09, a P/E/G ratio of 8,729.41 and a beta of 1.63. HubSpot, Inc. has a 1 year low of $425.07 and a 1 year high of $702.81. The stock has a fifty day moving average price of $539.09 and a 200-day moving average price of $545.67.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) EPS.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $22,692,450. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,937 shares of company stock worth $3,194,673. 4.50% of the stock is owned by company insiders.

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.