LGT Group Foundation Sells 2,921 Shares of HubSpot, Inc. (NYSE:HUBS)

LGT Group Foundation trimmed its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 33.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,720 shares of the software maker's stock after selling 2,921 shares during the quarter. LGT Group Foundation's holdings in HubSpot were worth $3,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBS. Riverview Trust Co bought a new stake in shares of HubSpot in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. raised its position in shares of HubSpot by 1,125.0% in 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 during the period. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter valued at approximately $35,000. Crewe Advisors LLC increased its holdings in HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock worth $44,000 after acquiring an additional 63 shares during the period. Finally, SYSTM Wealth Solutions LLC increased its holdings in HubSpot by 54.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker's stock worth $48,000 after acquiring an additional 27 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HUBS shares. Bank of America decreased their target price on shares of HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Barclays decreased their target price on shares of HubSpot from $575.00 to $500.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th. Stifel Nicolaus decreased their target price on shares of HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, August 8th. Finally, Canaccord Genuity Group decreased their price target on shares of HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one 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 $610.79.

HubSpot Price Performance

HUBS traded down $2.37 during trading on Tuesday, hitting $492.14. 288,417 shares of the stock traded hands, compared to its average volume of 624,966. The firm has a market capitalization of $25.27 billion, a P/E ratio of -186.77, a price-to-earnings-growth ratio of 3,132.37 and a beta of 1.63. The firm has a 50-day moving average of $498.55 and a 200 day moving average of $573.05. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million during the quarter, compared to analysts' expectations of $619.28 million. During the same quarter in the prior year, the company posted ($1.17) EPS. The firm's revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts predict that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the company's stock in a transaction on 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 approximately $40,332,333.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the transaction, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 68,037 shares of the company's stock, valued at $40,332,333.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,012 shares of company stock worth $21,300,253. 4.50% of the stock is currently owned by corporate insiders.

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.