Dana Investment Advisors Inc. Cuts Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Dana Investment Advisors Inc. lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 65.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 477 shares of the software maker’s stock after selling 896 shares during the quarter. Dana Investment Advisors Inc.’s holdings in HubSpot were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in HubSpot by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after acquiring an additional 119,999 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of HubSpot by 74.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after purchasing an additional 1,560 shares in the last quarter. M&G Plc purchased a new stake in HubSpot during the 1st quarter worth $8,533,000. Cibc World Markets Corp acquired a new stake in HubSpot in the fourth quarter valued at approximately $769,000. Finally, Headlands Technologies LLC purchased a new stake in shares of HubSpot during the second quarter worth about $3,135,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Evercore ISI dropped their price target on HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a report on Thursday, September 19th. Canaccord Genuity Group reduced their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price target on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five equities 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $610.79.

HubSpot Price Performance

NYSE HUBS opened at $535.20 on Friday. The stock’s 50 day simple moving average is $498.80 and its 200 day simple moving average is $560.66. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The firm has a market cap of $27.27 billion, a PE ratio of -201.96, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.64.

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

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. 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. In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the transaction, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $586.85, for a total value of $14,671,250.00. Following the sale, the chief technology officer now directly owns 1,348,929 shares in the company, valued at $791,618,983.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,643 shares of company stock valued at $20,311,734. 4.50% of the stock is currently owned by corporate insiders.

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.