HubSpot Inc (NYSE:HUBS) Shares Sold by Man Group plc

Man Group plc cut its position in shares of HubSpot Inc (NYSE:HUBS) by 57.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,173 shares of the software maker’s stock after selling 17,493 shares during the quarter. Man Group plc’s holdings in HubSpot were worth $2,246,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its holdings in shares of HubSpot by 3.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,098 shares of the software maker’s stock worth $358,000 after acquiring an additional 66 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of HubSpot by 0.9% in the second quarter. Harbour Capital Advisors LLC now owns 11,927 shares of the software maker’s stock worth $2,034,000 after acquiring an additional 112 shares during the last quarter. Slow Capital Inc. raised its holdings in shares of HubSpot by 4.8% in the second quarter. Slow Capital Inc. now owns 2,494 shares of the software maker’s stock worth $425,000 after acquiring an additional 115 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of HubSpot by 7.6% in the second quarter. Flagship Harbor Advisors LLC now owns 1,763 shares of the software maker’s stock worth $300,000 after acquiring an additional 125 shares during the last quarter. Finally, FTB Advisors Inc. raised its holdings in shares of HubSpot by 58.8% in the second quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock worth $59,000 after acquiring an additional 130 shares during the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

In other HubSpot news, COO J Donald Sherman sold 25,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.63, for a total transaction of $4,015,750.00. Following the completion of the sale, the chief operating officer now owns 111,540 shares of the company’s stock, valued at $17,916,670.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 544 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $149.50, for a total value of $81,328.00. Following the sale, the chief financial officer now directly owns 37,003 shares of the company’s stock, valued at approximately $5,531,948.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,377 shares of company stock valued at $18,967,100. Company insiders own 8.30% of the company’s stock.

Shares of NYSE:HUBS opened at $157.29 on Friday. The company has a market cap of $6.41 billion, a P/E ratio of -154.21 and a beta of 1.63. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.91. HubSpot Inc has a 52 week low of $108.39 and a 52 week high of $207.98. The business has a fifty day simple moving average of $178.00 and a 200-day simple moving average of $176.01.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.07. The business had revenue of $163.30 million during the quarter, compared to the consensus estimate of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Sell-side analysts expect that HubSpot Inc will post -0.74 earnings per share for the current fiscal year.

HUBS has been the subject of a number of analyst reports. UBS Group initiated coverage on HubSpot in a report on Tuesday, August 13th. They issued a “buy” rating for the company. Bank of America set a $215.00 price target on HubSpot and gave the stock a “buy” rating in a report on Thursday, September 5th. Morgan Stanley boosted their price target on HubSpot from $175.00 to $186.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Compass Point initiated coverage on HubSpot in a report on Tuesday, August 13th. They issued a “buy” rating and a $222.00 price target for the company. Finally, ValuEngine cut HubSpot from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $196.60.

HubSpot Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

Read More: Margin

Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot Inc (NYSE:HUBS).

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.