Bouvel Investment Partners LLC Sells 24 Shares of HubSpot, Inc. (NYSE:HUBS)

Bouvel Investment Partners LLC reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,771 shares of the software maker’s stock after selling 24 shares during the period. Bouvel Investment Partners LLC’s holdings in HubSpot were worth $941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in HubSpot in the 2nd quarter worth $35,000. HM Payson & Co. increased its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC lifted its position in shares of HubSpot by 525.0% during the 2nd 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. J.Safra Asset Management Corp boosted its stake in HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in HubSpot by 41.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,891 shares of company stock valued at $6,662,473 in the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot Trading Down 0.2 %

NYSE:HUBS opened at $700.00 on Thursday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $724.61. The firm has a market capitalization of $36.13 billion, a price-to-earnings ratio of -2,592.50, a PEG ratio of 85.25 and a beta of 1.63. The business’s 50-day moving average price is $543.21 and its two-hundred day moving average price is $546.16.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS. Sell-side analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on HUBS shares. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Raymond James cut their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Citigroup decreased their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. UBS Group upped their price objective on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $666.26.

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.