Mn Services Vermogensbeheer B.V. Sells 600 Shares of HubSpot, Inc. (NYSE:HUBS)

Mn Services Vermogensbeheer B.V. lessened its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 3.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,700 shares of the software maker's stock after selling 600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in HubSpot were worth $11,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of HubSpot during the 1st quarter worth approximately $27,000. Geneos Wealth Management Inc. raised its stake in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker's stock valued at $31,000 after purchasing an additional 45 shares in the last quarter. Larson Financial Group LLC lifted its position in HubSpot by 1,380.0% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker's stock valued at $43,000 after purchasing an additional 69 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of HubSpot by 54.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker's stock worth $48,000 after buying an additional 27 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of HubSpot in the 4th quarter worth about $50,000. Institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of HubSpot from $650.00 to $625.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Oppenheimer dropped their target price on HubSpot from $725.00 to $625.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. Citigroup cut their target price on HubSpot from $699.00 to $629.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Piper Sandler restated an "overweight" rating and issued a $570.00 price target on shares of HubSpot in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group cut their price objective on shares of HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $610.79.

HubSpot Stock Up 1.2 %

Shares of HubSpot stock traded up $6.20 during trading on Friday, hitting $503.07. 289,112 shares of the stock traded hands, compared to its average volume of 643,840. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The stock's fifty day simple moving average is $515.52 and its 200 day simple moving average is $582.18. The firm has a market cap of $25.64 billion, a P/E ratio of -189.84 and a beta of 1.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same quarter last year, the firm posted ($1.17) EPS. The company's revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts predict that HubSpot, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company's stock, valued at approximately $40,332,333.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the business's stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 2,191 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $1,424,150.00. Following the sale, the chief financial officer now directly owns 45,737 shares of the company's stock, valued at $29,729,050. The disclosure for this sale can be found here. Insiders sold 40,279 shares of company stock valued at $22,792,225 over the last 90 days. Corporate insiders own 4.50% of the company's stock.

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.

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