PFS Partners LLC Decreases Holdings in HubSpot, Inc. (NYSE:HUBS)

PFS Partners LLC trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 50.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61 shares of the software maker’s stock after selling 61 shares during the quarter. PFS Partners LLC’s holdings in HubSpot were worth $38,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in HubSpot by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after purchasing an additional 119,999 shares during the last quarter. Hsbc Holdings PLC grew its holdings in HubSpot by 10.1% during the 4th quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock valued at $13,022,000 after purchasing an additional 2,057 shares during the last quarter. Stifel Financial Corp grew its holdings in HubSpot by 15.1% during the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock valued at $19,302,000 after purchasing an additional 4,371 shares during the last quarter. Strs Ohio grew its holdings in HubSpot by 1,203.0% during the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock valued at $11,611,000 after purchasing an additional 18,466 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in HubSpot by 19.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after purchasing an additional 3,671 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several analyst reports. KeyCorp initiated coverage on shares of HubSpot in a report on Thursday, March 21st. They set an “underweight” rating and a $520.00 price target on the stock. Mizuho dropped 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 Thursday, May 9th. Scotiabank upped their target price on shares of HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a research note on Friday, April 5th. TD Cowen dropped their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $641.00.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $18.18 during midday trading on Thursday, reaching $586.70. The company had a trading volume of 409,734 shares, compared to its average volume of 576,549. The business’s 50-day simple moving average is $603.47 and its 200 day simple moving average is $602.10. The stock has a market cap of $29.90 billion, a P/E ratio of -221.40 and a beta of 1.57. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, analysts forecast that HubSpot, Inc. will post -0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now owns 10,860 shares of the company’s stock, valued at $7,059,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now owns 10,860 shares of the company’s stock, valued at $7,059,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,874 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the transaction, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,353 shares of company stock valued at $12,845,623. Insiders own 4.50% of the company’s stock.

About HubSpot

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.