Capital CS Group LLC Sells 86 Shares of HubSpot, Inc. (NYSE:HUBS)

Capital CS Group LLC lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 13.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 552 shares of the software maker’s stock after selling 86 shares during the period. Capital CS Group LLC’s holdings in HubSpot were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in HubSpot during the 1st quarter valued at $27,000. Geneos Wealth Management Inc. boosted its position in shares of HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the period. International Assets Investment Management LLC bought a new position in shares of HubSpot during the second quarter valued at approximately $35,000. Crewe Advisors LLC raised its holdings in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of HubSpot during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 3.4 %

Shares of HUBS stock traded up $17.58 during trading hours on Friday, reaching $535.00. 438,433 shares of the company’s stock were exchanged, compared to its average volume of 612,367. 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 $27.26 billion, a PE ratio of -201.96, a PEG ratio of 7,010.23 and a beta of 1.64. The stock’s fifty day moving average price is $498.80 and its two-hundred day moving average price is $560.66.

HubSpot (NYSE:HUBS) last issued 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. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same quarter in the prior year, the business posted ($1.17) EPS. HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last year.

Analyst Upgrades and Downgrades

HUBS has been the subject of several research analyst reports. Oppenheimer reiterated an “outperform” rating and set a $625.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Wells Fargo & Company reduced their target price on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Bank of America decreased their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group dropped their price objective on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $700.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $610.79.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now directly owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on 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 sale, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the transaction, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at $791,618,983.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,643 shares of company stock valued at $20,311,734. 4.50% of the stock is owned by company insiders.

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.