Stanley Laman Group Ltd. Sells 254 Shares of HubSpot, Inc. (NYSE:HUBS)

Stanley Laman Group Ltd. decreased its position in HubSpot, Inc. (NYSE:HUBS) by 9.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,537 shares of the software maker’s stock after selling 254 shares during the period. Stanley Laman Group Ltd.’s holdings in HubSpot were worth $1,473,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. HB Wealth Management LLC raised its stake in shares of HubSpot by 3.5% during the 4th quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock worth $326,000 after purchasing an additional 19 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of HubSpot by 0.7% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock worth $1,671,000 after purchasing an additional 20 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after purchasing an additional 21 shares in the last quarter. Quantum Private Wealth LLC raised its stake in shares of HubSpot by 0.5% during the 4th quarter. Quantum Private Wealth LLC now owns 4,220 shares of the software maker’s stock worth $2,450,000 after purchasing an additional 21 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of HubSpot by 21.9% during the 4th quarter. Lindbrook Capital LLC now owns 117 shares of the software maker’s stock worth $68,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HUBS shares. UBS Group restated a “neutral” rating and issued a $525.00 price target on shares of HubSpot in a research note on Thursday, February 15th. Wells Fargo & Company increased their price target on HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Truist Financial increased their price target on HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Wolfe Research increased their price target on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, KeyCorp initiated coverage on HubSpot in a report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot Trading Down 0.7 %

Shares of HUBS traded down $4.76 during mid-day trading on Friday, reaching $631.34. 591,062 shares of the company were exchanged, compared to its average volume of 490,027. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $31.99 billion, a PE ratio of -177.84 and a beta of 1.58. The business has a 50 day simple moving average of $627.73 and a two-hundred day simple moving average of $558.66.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million during the quarter, compared to analysts’ expectations of $557.48 million. On average, analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the transaction, the insider now directly owns 7,225 shares in the company, valued at approximately $4,407,250. The disclosure for this sale can be found here. Insiders sold 22,362 shares of company stock valued at $14,012,491 over the last 90 days. Company insiders own 4.90% of the company’s stock.

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.