Pathstone Holdings LLC Sells 785 Shares of HubSpot, Inc. (NYSE:HUBS)

Pathstone Holdings LLC lowered its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,604 shares of the software maker's stock after selling 785 shares during the quarter. Pathstone Holdings LLC's holdings in HubSpot were worth $1,916,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HUBS. Massachusetts Financial Services Co. MA raised its holdings in HubSpot by 0.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker's stock worth $285,804,000 after buying an additional 3,775 shares during the last quarter. Marshall Wace LLP increased its position in HubSpot by 88.7% in the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock worth $142,468,000 after purchasing an additional 113,555 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in HubSpot by 49.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock worth $110,489,000 after buying an additional 68,827 shares during the period. Fiera Capital Corp lifted its position in shares of HubSpot by 1.2% during the second quarter. Fiera Capital Corp now owns 166,519 shares of the software maker's stock valued at $98,211,000 after buying an additional 2,019 shares during the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of HubSpot by 516.2% during the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock worth $96,307,000 after buying an additional 136,793 shares during the period. Institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other news, CTO Dharmesh Shah sold 25,000 shares of the 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 sale, the chief technology officer now owns 1,323,145 shares of the company's stock, valued at $889,973,789.90. This represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the company's stock in a transaction 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 approximately $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock valued at $29,101,488 in the last three months. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Canaccord Genuity Group raised their price target on HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Needham & Company LLC restated a "buy" rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of HubSpot from $560.00 to $635.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Truist Financial reissued a "buy" rating and set a $750.00 target price (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, Oppenheimer boosted their price target on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $672.68.

HubSpot Stock Performance

Shares of HubSpot stock traded down $7.07 during midday trading on Wednesday, hitting $722.76. The company's stock had a trading volume of 233,948 shares, compared to its average volume of 592,557. The stock has a 50-day simple moving average of $585.02 and a 200-day simple moving average of $553.17. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $754.56.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping 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 return on equity of 1.16% and a negative net margin of 0.56%. The business's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. On average, sell-side analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

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.