Toronto Dominion Bank Cuts Stake in HubSpot, Inc. (NYSE:HUBS)

Toronto Dominion Bank trimmed its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 56.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,228 shares of the software maker's stock after selling 7,950 shares during the quarter. Toronto Dominion Bank's holdings in HubSpot were worth $3,311,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. GDS Wealth Management bought a new stake in shares of HubSpot in the third quarter worth $2,149,000. Pallas Capital Advisors LLC bought a new position in shares of HubSpot during the third quarter worth about $624,000. Icon Wealth Advisors LLC lifted 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 worth $11,212,000 after acquiring an additional 20,479 shares during the period. Headlands Technologies LLC bought a new stake in HubSpot in the second quarter valued at approximately $3,135,000. Finally, Curi RMB Capital LLC increased its position in 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 period. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Up 3.5 %

Shares of NYSE:HUBS traded up $25.05 during trading on Monday, hitting $746.91. The stock had a trading volume of 454,437 shares, compared to its average volume of 586,334. The company has a market capitalization of $38.56 billion, a PE ratio of -2,756.30, a PEG ratio of 88.26 and a beta of 1.70. The firm's fifty day moving average is $637.78 and its 200 day moving average is $564.11. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The company's revenue for the quarter was up 20.1% on a year-over-year basis. Equities research analysts expect that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price target on HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Evercore ISI raised their target price on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the company an "outperform" rating in a research note on Friday. 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 report on Thursday, November 7th. Finally, Piper Sandler downgraded shares of HubSpot from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $570.00 to $640.00 in a research report 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's stock. Based on data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus target price of $702.23.

Insider Buying and Selling

In related news, insider Dawson Alyssa Harvey sold 573 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company's stock, valued at $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 1,507 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $792,440.88. Following the completion of the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at $32,953,341.12. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock worth $29,126,596 in the last 90 days. 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.