Orion Portfolio Solutions LLC Has $2.02 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Orion Portfolio Solutions LLC reduced its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,795 shares of the software maker's stock after selling 835 shares during the quarter. Orion Portfolio Solutions LLC's holdings in HubSpot were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. GDS Wealth Management purchased a new stake in HubSpot during the third quarter valued at about $2,149,000. Pallas Capital Advisors LLC purchased a new stake in shares of HubSpot in the 3rd quarter worth $624,000. Icon Wealth Advisors LLC increased its stake in shares of HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock worth $11,212,000 after purchasing an additional 20,479 shares in the last quarter. Headlands Technologies LLC bought a new position in HubSpot in the 2nd quarter worth $3,135,000. Finally, Curi RMB Capital LLC boosted 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 purchasing an additional 937 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on HUBS shares. Wells Fargo & Company raised their price objective on shares of HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Evercore ISI boosted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Barclays lifted their price target on HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Piper Sandler lowered HubSpot from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, Truist Financial restated a "buy" rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $689.95.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 1,374 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $755,700.00. Following the completion of the transaction, the chief executive officer now directly owns 61,294 shares in the company, valued at approximately $33,711,700. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,136 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,390 shares of company stock valued at $29,126,596. 4.50% of the stock is currently owned by insiders.

HubSpot Stock Down 1.7 %

NYSE HUBS traded down $12.63 during mid-day trading on Friday, hitting $721.86. The stock had a trading volume of 340,471 shares, compared to its average volume of 586,882. The company has a 50 day simple moving average of $634.05 and a 200 day simple moving average of $564.30. The company has a market cap of $37.26 billion, a price-to-earnings ratio of -2,719.33, a P/E/G ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $762.47.

HubSpot (NYSE:HUBS - Get Free Report) last issued its 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. 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 for the quarter, compared to analysts' expectations of $646.97 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm's revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, equities analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

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.