Primecap Management Co. CA Sells 1,200 Shares of HubSpot, Inc. (NYSE:HUBS)

Primecap Management Co. CA trimmed its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 91,250 shares of the software maker’s stock after selling 1,200 shares during the quarter. Primecap Management Co. CA’s holdings in HubSpot were worth $48,508,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HUBS. International Assets Investment Management LLC bought a new position in shares of HubSpot in the second quarter worth approximately $35,000. HM Payson & Co. boosted its position in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC grew its holdings in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares during the last quarter. J.Safra Asset Management Corp increased its position in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after acquiring an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after acquiring an additional 32 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Trading Up 3.4 %

Shares of NYSE:HUBS opened at $718.24 on Friday. The stock has a fifty day simple moving average of $570.51 and a two-hundred day simple moving average of $551.07. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $728.90. The stock has a market capitalization of $37.08 billion, a price-to-earnings ratio of -2,660.15, a PEG ratio of 82.97 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Truist Financial reissued a “buy” rating and issued a $750.00 target price (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. BMO Capital Markets boosted their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price target on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. Finally, UBS Group upped their price objective on shares of HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy 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 $672.68.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $21,695,632.56. The trade was a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,391 shares of company stock valued at $29,101,488. Insiders own 4.50% of the company’s stock.

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.