J.P. Morgan Private Wealth Advisors LLC Sells 28,633 Shares of HubSpot, Inc. (NYSE:HUBS)

J.P. Morgan Private Wealth Advisors LLC trimmed its stake in HubSpot, Inc. (NYSE:HUBSFree Report) by 63.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,577 shares of the software maker’s stock after selling 28,633 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in HubSpot were worth $8,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smithfield Trust Co grew its stake in shares of HubSpot by 60.5% in the second quarter. Smithfield Trust Co now owns 61 shares of the software maker’s stock worth $33,000 after acquiring an additional 23 shares during the period. Quarry LP lifted its stake in shares of HubSpot by 333.3% in the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock worth $39,000 after purchasing an additional 70 shares during the period. Alta Advisers Ltd bought a new position in shares of HubSpot in the 3rd quarter worth approximately $49,000. KB Financial Partners LLC purchased a new position in shares of HubSpot in the first quarter worth approximately $49,000. Finally, Cullen Frost Bankers Inc. grew its position in HubSpot by 642.9% during the second quarter. Cullen Frost Bankers Inc. now owns 104 shares of the software maker’s stock valued at $55,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

HubSpot Stock Up 0.4 %

Shares of HUBS stock opened at $605.34 on Wednesday. The stock’s 50 day simple moving average is $561.51 and its two-hundred day simple moving average is $513.18. HubSpot, Inc. has a 1 year low of $342.32 and a 1 year high of $635.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.35 and a current ratio of 2.35.

HubSpot (NYSE:HUBSGet Free Report) last announced its earnings results on Wednesday, November 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.38. HubSpot had a negative return on equity of 7.34% and a negative net margin of 8.67%. The business had revenue of $557.56 million during the quarter, compared to analyst estimates of $533.70 million. Equities research analysts anticipate that HubSpot, Inc. will post -1.07 earnings per share for the current year.

Insider Transactions at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now directly owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The transaction was disclosed in a filing with the SEC, which is available through this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total value of $4,724,640.00. Following the completion of the transaction, the insider now directly owns 536,811 shares in the company, valued at $298,381,026.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 969 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the transaction, the insider now owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,036 shares of company stock worth $22,404,275. Insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of HubSpot from $600.00 to $550.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 24th. William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, November 9th. Capital One Financial began coverage on HubSpot in a research note on Tuesday, November 14th. They issued an “overweight” rating and a $525.00 price objective on the stock. Morgan Stanley cut their price objective on HubSpot from $568.00 to $539.00 and set an “overweight” rating for the company in a research note on Thursday, November 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $625.00 target price on shares of HubSpot in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $590.77.

View Our Latest Research Report on HubSpot

About HubSpot

(Free Report)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

See Also

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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