HubSpot, Inc. $HUBS Stock Holdings Lessened by IFP Advisors Inc

IFP Advisors Inc lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,025 shares of the software maker’s stock after selling 230 shares during the period. IFP Advisors Inc’s holdings in HubSpot were worth $570,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Callan Family Office LLC acquired a new stake in HubSpot during the 2nd quarter valued at $1,681,000. Maryland State Retirement & Pension System raised its stake in HubSpot by 8.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 2,471 shares of the software maker’s stock valued at $1,375,000 after purchasing an additional 187 shares during the period. Sax Wealth Advisors LLC raised its stake in HubSpot by 40.0% during the 2nd quarter. Sax Wealth Advisors LLC now owns 1,767 shares of the software maker’s stock valued at $984,000 after purchasing an additional 505 shares during the period. Slow Capital Inc. raised its stake in HubSpot by 3.2% during the 2nd quarter. Slow Capital Inc. now owns 12,275 shares of the software maker’s stock valued at $6,832,000 after purchasing an additional 382 shares during the period. Finally, KLP Kapitalforvaltning AS raised its stake in HubSpot by 0.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 26,850 shares of the software maker’s stock valued at $14,946,000 after purchasing an additional 100 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HUBS shares. Citigroup cut their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $900.00 target price on shares of HubSpot in a research note on Thursday, September 4th. Wells Fargo & Company assumed coverage on shares of HubSpot in a research note on Tuesday, September 30th. They set an “overweight” rating and a $685.00 target price on the stock. Raymond James Financial lowered their price target on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $775.00 price target on shares of HubSpot in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $723.11.

HubSpot Trading Up 1.7%

Shares of NYSE:HUBS opened at $457.60 on Wednesday. The stock has a market capitalization of $24.11 billion, a PE ratio of -1,989.58, a P/E/G ratio of 15.52 and a beta of 1.58. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13. The firm has a fifty day moving average price of $473.53 and a 200 day moving average price of $537.29.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. HubSpot’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 4,747 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the completion of the transaction, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at $637,562,692.80. The trade was a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the transaction, the chief financial officer directly owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,598 shares of company stock valued at $20,947,042. Company insiders own 4.00% 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.