Focused Wealth Management Inc Sells 399 Shares of HubSpot, Inc. (NYSE:HUBS)

Focused Wealth Management Inc lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 51.2% in the third quarter, HoldingsChannel.com reports. The fund owned 381 shares of the software maker’s stock after selling 399 shares during the period. Focused Wealth Management Inc’s holdings in HubSpot were worth $203,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its stake in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares in the last quarter. International Assets Investment Management LLC purchased a new position in HubSpot in the second quarter worth $35,000. HM Payson & Co. increased its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC lifted its stake in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of HubSpot in the 1st quarter worth about $50,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HUBS has been the topic of a number of research reports. Canaccord Genuity Group decreased their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Bank of America decreased their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Truist Financial restated a “buy” rating and set a $600.00 price target (down from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $700.00 price objective on shares of HubSpot in a report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $614.33.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $578.70 on Wednesday. HubSpot, Inc. has a 52-week low of $413.07 and a 52-week high of $693.85. The firm has a market capitalization of $29.72 billion, a P/E ratio of -1,071.67, a P/E/G ratio of 7,515.20 and a beta of 1.63. The stock has a 50 day moving average price of $527.32 and a 200-day moving average price of $545.62.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted ($1.17) earnings per share.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,937 shares of company stock worth $3,194,673 in the last three months. 4.50% of the stock is 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.