Princeton Capital Management LLC Has $470,000 Position in HubSpot, Inc. $HUBS

Princeton Capital Management LLC decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844 shares of the software maker’s stock after selling 140 shares during the period. Princeton Capital Management LLC’s holdings in HubSpot were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HUBS. Golden State Wealth Management LLC grew its position in shares of HubSpot by 1,057.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 81 shares of the software maker’s stock worth $45,000 after buying an additional 74 shares during the period. Andra AP fonden grew its holdings in HubSpot by 71.6% in the second quarter. Andra AP fonden now owns 32,585 shares of the software maker’s stock worth $18,138,000 after purchasing an additional 13,600 shares during the period. Resona Asset Management Co. Ltd. increased its stake in HubSpot by 7.1% in the second quarter. Resona Asset Management Co. Ltd. now owns 16,713 shares of the software maker’s stock valued at $9,287,000 after purchasing an additional 1,102 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in HubSpot in the second quarter valued at $39,000. Finally, First Horizon Advisors Inc. boosted its position in shares of HubSpot by 4.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after purchasing an additional 27 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on HUBS. Barclays decreased their target price on HubSpot from $675.00 to $575.00 and set an “overweight” rating for the company in a research report on Thursday. Wells Fargo & Company lowered their target price on HubSpot from $685.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday. KeyCorp cut their target price on HubSpot from $775.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup boosted their price target on shares of HubSpot from $650.00 to $658.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Mizuho lowered their price objective on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $647.32.

HubSpot Trading Down 14.8%

NYSE HUBS opened at $395.85 on Friday. The business has a fifty day simple moving average of $476.80 and a 200 day simple moving average of $528.82. HubSpot, Inc. has a 12 month low of $375.01 and a 12 month high of $881.13. The firm has a market capitalization of $20.86 billion, a P/E ratio of -4,948.13, a PEG ratio of 16.06 and a beta of 1.60.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 5th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.19%. The firm had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. During the same quarter in the prior year, the business posted $2.18 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. As a group, sell-side analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Dharmesh Shah sold 17,253 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $500.66, for a total value of $8,637,886.98. Following the completion of the transaction, the chief technology officer directly owned 1,275,805 shares of the company’s stock, valued at $638,744,531.30. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,387 shares of HubSpot stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the sale, the chief executive officer owned 56,277 shares in the company, valued at $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,098 shares of company stock worth $24,757,257 over the last 90 days. 4.00% 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.