HubSpot, Inc. (NYSE:HUBS) is Abdiel Capital Advisors LP's 3rd Largest Position

Abdiel Capital Advisors LP lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 15.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 505,755 shares of the software maker's stock after selling 94,078 shares during the period. HubSpot accounts for about 16.2% of Abdiel Capital Advisors LP's portfolio, making the stock its 3rd biggest position. Abdiel Capital Advisors LP owned about 0.98% of HubSpot worth $268,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. HM Payson & Co. boosted its stake in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock valued at $91,000 after purchasing an additional 25 shares during the period. V Square Quantitative Management LLC raised its position in shares of HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock worth $494,000 after purchasing an additional 27 shares during the period. Crewe Advisors LLC increased its stake in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after acquiring an additional 28 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of HubSpot by 2.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker's stock valued at $698,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Trading Down 0.2 %

Shares of NYSE:HUBS traded down $1.71 during trading on Friday, reaching $721.05. 174,747 shares of the stock traded hands, compared to its average volume of 614,753. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $754.56. The stock has a 50-day moving average of $597.13 and a two-hundred day moving average of $556.15.

HubSpot (NYSE:HUBS - Get Free Report) last announced 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 business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the business posted ($0.04) EPS. The business's revenue was up 20.1% on a year-over-year basis. On average, equities research analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on HUBS. Citigroup decreased their target price on HubSpot from $699.00 to $629.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Barclays raised their price target on shares of HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. UBS Group lifted their price target 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. The Goldman Sachs Group boosted their target price on HubSpot from $626.00 to $690.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus price target of $672.68.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,391 shares of company stock worth $29,101,488. Insiders own 4.50% of the company's stock.

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.