HubSpot, Inc. (NYSE:HUBS) Shares Sold by Vestcor Inc

Vestcor Inc lowered its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 96.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 883 shares of the software maker's stock after selling 25,000 shares during the quarter. Vestcor Inc's holdings in HubSpot were worth $469,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GDS Wealth Management purchased a new stake in HubSpot during the third quarter valued at $2,149,000. Pallas Capital Advisors LLC bought a new position in shares of HubSpot in the 3rd quarter valued at about $624,000. Icon Wealth Advisors LLC lifted its holdings 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 valued at $11,212,000 after acquiring an additional 20,479 shares during the last quarter. Headlands Technologies LLC purchased a new position in HubSpot in the second quarter worth about $3,135,000. Finally, Curi RMB Capital LLC increased its stake in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock worth $3,797,000 after acquiring an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on HUBS. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their price target on shares of HubSpot from $750.00 to $880.00 and gave the company a "buy" rating in a report on Monday, December 9th. 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 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. Finally, Barclays increased their price target on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus target price of $689.95.

Insider Activity at HubSpot

In related news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 1,507 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 transaction of $792,440.88. Following the transaction, the chief executive officer now owns 62,668 shares of the company's stock, valued at $32,953,341.12. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,390 shares of company stock worth $29,126,596. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $12.63 during midday trading on Friday, reaching $721.86. 340,579 shares of the stock were exchanged, compared to its average volume of 586,882. The stock has a market capitalization of $37.26 billion, a P/E ratio of -2,673.46, a PEG ratio of 88.26 and a beta of 1.70. The company has a 50 day simple moving average of $637.78 and a 200 day simple moving average of $564.70. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) EPS. On average, research analysts expect that HubSpot, Inc. will post 0.4 earnings per share 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.