Integrated Wealth Concepts LLC Sells 702 Shares of HubSpot, Inc. (NYSE:HUBS)

Integrated Wealth Concepts LLC reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 35.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,273 shares of the software maker's stock after selling 702 shares during the period. Integrated Wealth Concepts LLC's holdings in HubSpot were worth $677,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. HM Payson & Co. increased its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after buying an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock worth $91,000 after purchasing an additional 25 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock valued at $494,000 after purchasing an additional 27 shares in the last quarter. Crewe Advisors LLC lifted its stake in shares of HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after purchasing an additional 28 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock worth $64,000 after purchasing an additional 32 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUBS. Barclays boosted their price target on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their target price on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Piper Sandler downgraded HubSpot from an "overweight" rating to a "neutral" rating and increased their price target for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Stifel Nicolaus lifted their price target on shares of HubSpot from $750.00 to $880.00 and gave the company a "buy" rating in a research report on Monday. Finally, Wells Fargo & Company raised their target price on shares of HubSpot from $625.00 to $750.00 and gave the company 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $684.27.

HubSpot Price Performance

Shares of HUBS traded up $6.29 on Wednesday, reaching $726.91. 433,799 shares of the stock traded hands, compared to its average volume of 587,914. The stock's 50-day moving average price is $625.45 and its 200-day moving average price is $561.96. The firm has a market cap of $37.52 billion, a price-to-earnings ratio of -2,694.79, a P/E/G ratio of 90.16 and a beta of 1.70. 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 results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS. As a group, equities research analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction dated 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 in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,390 shares of company stock valued at $29,126,596 over the last quarter. 4.50% of the stock is owned by company insiders.

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.