Hantz Financial Services Inc. Lowers Stock Position in HubSpot, Inc. (NYSE:HUBS)

Hantz Financial Services Inc. trimmed its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 92.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123 shares of the software maker's stock after selling 1,421 shares during the quarter. Hantz Financial Services Inc.'s holdings in HubSpot were worth $65,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in HubSpot by 106.2% during the first quarter. Cetera Investment Advisers now owns 3,994 shares of the software maker's stock worth $2,502,000 after buying an additional 2,057 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of HubSpot by 171.7% during the 1st quarter. Cetera Advisors LLC now owns 989 shares of the software maker's stock worth $620,000 after acquiring an additional 625 shares during the period. Mather Group LLC. boosted its stake in HubSpot by 19.1% in the 2nd quarter. Mather Group LLC. now owns 256 shares of the software maker's stock valued at $161,000 after purchasing an additional 41 shares during the period. Fulton Bank N.A. boosted its stake in HubSpot by 17.2% in the 2nd quarter. Fulton Bank N.A. now owns 990 shares of the software maker's stock valued at $584,000 after purchasing an additional 145 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in shares of HubSpot by 10.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,479 shares of the software maker's stock valued at $1,462,000 after acquiring an additional 225 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on HUBS shares. JPMorgan Chase & Co. increased their price objective on HubSpot from $560.00 to $635.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Needham & Company LLC restated a "buy" rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price target on HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barclays raised their price objective on HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lifted their price target on HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Five research 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 a consensus price target of $672.68.

Insider Activity at HubSpot

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 transaction, the chief executive officer now owns 67,203 shares of the company's stock, valued at $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,391 shares of company stock valued at $29,101,488. 4.50% of the stock is owned by company insiders.

HubSpot Price Performance

NYSE HUBS traded down $4.15 on Tuesday, hitting $719.44. The company had a trading volume of 413,921 shares, compared to its average volume of 588,788. The company has a market capitalization of $37.14 billion, a PE ratio of -2,664.49, a PEG ratio of 87.96 and a beta of 1.70. The company's fifty day moving average price is $604.80 and its 200-day moving average price is $557.27. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. On average, sell-side analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

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.