Stanley Laman Group Ltd. Has $701,000 Position in HubSpot, Inc. (NYSE:HUBS)

Stanley Laman Group Ltd. cut its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 37.5% during the 3rd quarter, Holdings Channel reports. The fund owned 1,318 shares of the software maker’s stock after selling 791 shares during the period. Stanley Laman Group Ltd.’s holdings in HubSpot were worth $701,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HUBS. Jennison Associates LLC increased its holdings in shares of HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after acquiring an additional 604,554 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after purchasing an additional 176,336 shares during the period. Fred Alger Management LLC grew its position in HubSpot by 516.2% in the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after purchasing an additional 136,793 shares during the period. Marshall Wace LLP increased its stake in HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after purchasing an additional 113,555 shares in the last quarter. Finally, Dorsal Capital Management LP acquired a new position in HubSpot during the second quarter worth $44,234,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a research note on Monday, October 14th. Truist Financial reissued a “buy” rating and set a $600.00 price objective (down from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Evercore ISI raised their target price on HubSpot from $550.00 to $610.00 and gave the company an “in-line” rating in a report on Wednesday. Finally, UBS Group decreased their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $614.33.

HubSpot Price Performance

Shares of NYSE HUBS opened at $531.87 on Thursday. The stock has a market capitalization of $27.10 billion, a PE ratio of -200.70, a P/E/G ratio of 7,193.98 and a beta of 1.64. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The business’s fifty day moving average price is $515.39 and its 200-day moving average price is $551.97.

HubSpot (NYSE:HUBS) last issued its 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 firm had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned ($1.17) earnings per share.

Insider Buying and Selling

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were 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 directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade 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 can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,321 shares of company stock valued at $3,374,089. Company 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.