Atria Wealth Solutions Inc. Sells 57 Shares of HubSpot, Inc. (NYSE:HUBS)

Atria Wealth Solutions Inc. lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,557 shares of the software maker’s stock after selling 57 shares during the period. Atria Wealth Solutions Inc.’s holdings in HubSpot were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of HubSpot by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock valued at $2,300,168,000 after buying an additional 41,689 shares in the last quarter. JPMorgan Chase & Co. raised its position in HubSpot by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after purchasing an additional 166,381 shares during the period. Wellington Management Group LLP raised its position in HubSpot by 26.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after purchasing an additional 257,632 shares during the period. Jennison Associates LLC raised its position in HubSpot by 22.8% in the 4th quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock worth $564,840,000 after purchasing an additional 180,822 shares during the period. Finally, Bank of New York Mellon Corp raised its position in HubSpot by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 799,174 shares of the software maker’s stock worth $393,593,000 after purchasing an additional 12,109 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares of the company’s stock, valued at $4,811,839.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dawson Alyssa Harvey sold 1,086 shares of HubSpot stock in a transaction on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now directly owns 7,783 shares of the company’s stock, valued at approximately $4,811,839.75. The disclosure for this sale can be found here. Insiders sold a total of 21,393 shares of company stock valued at $13,421,401 over the last 90 days. Insiders own 4.90% of the company’s stock.

HubSpot Trading Down 2.5 %

NYSE:HUBS opened at $590.89 on Friday. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The firm has a fifty day simple moving average of $628.53 and a 200-day simple moving average of $562.84. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $30.08 billion, a P/E ratio of -166.45 and a beta of 1.57.

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

Analyst Ratings Changes

A number of research firms recently weighed in on HUBS. Barclays increased their price objective on shares of HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group increased their price objective on shares of HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. BMO Capital Markets raised their target price on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. TheStreet raised shares of HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $675.00 target price on shares of HubSpot in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $642.36.

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.