HubSpot, Inc. (NYSE:HUBS) Holdings Cut by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 65.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,102 shares of the software maker's stock after selling 2,059 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in HubSpot were worth $586,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GDS Wealth Management purchased a new stake in HubSpot during the 3rd quarter worth $2,149,000. Pallas Capital Advisors LLC acquired a new position in shares of HubSpot during the third quarter worth about $624,000. Headlands Technologies LLC purchased a new stake in shares of HubSpot in the second quarter worth about $3,135,000. Icon Wealth Advisors LLC grew its stake in shares of HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock valued at $11,212,000 after buying an additional 20,479 shares in the last quarter. Finally, Curi RMB Capital LLC raised its holdings in shares of HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock valued at $3,797,000 after buying an additional 937 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on HUBS. Oppenheimer boosted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Canaccord Genuity Group lifted their target price on HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target on HubSpot from $625.00 to $750.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Needham & Company LLC restated a "buy" rating and set a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. Finally, Evercore ISI upped their target price on HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $672.68.

HubSpot Trading Down 0.2 %

HUBS stock traded down $1.34 during trading on Friday, hitting $721.42. The company had a trading volume of 174,747 shares, compared to its average volume of 591,014. The firm has a market capitalization of $37.24 billion, a price-to-earnings ratio of -2,671.83, a P/E/G ratio of 87.86 and a beta of 1.63. The business has a 50 day moving average of $597.13 and a 200 day moving average of $556.38. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $754.56.

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

Insider Buying and Selling

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

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.