Headlands Technologies LLC Cuts Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Headlands Technologies LLC trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS) by 72.9% during the first quarter, Holdings Channel.com reports. The fund owned 62 shares of the software maker’s stock after selling 167 shares during the quarter. Headlands Technologies LLC’s holdings in HubSpot were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board boosted its holdings in HubSpot by 109.9% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 2,366 shares of the software maker’s stock worth $1,352,000 after acquiring an additional 1,239 shares during the last quarter. Deutsche Bank AG raised its stake in shares of HubSpot by 1.9% during the 1st quarter. Deutsche Bank AG now owns 129,915 shares of the software maker’s stock worth $74,219,000 after purchasing an additional 2,428 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of HubSpot by 9.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 224,771 shares of the software maker’s stock worth $128,409,000 after purchasing an additional 19,168 shares during the period. ASR Vermogensbeheer N.V. bought a new stake in shares of HubSpot during the 1st quarter worth $2,134,000. Finally, AXS Investments LLC bought a new stake in shares of HubSpot during the 1st quarter worth $1,043,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HUBS. Citigroup lowered their target price on HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Morgan Stanley lifted their target price on HubSpot from $659.00 to $752.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Scotiabank lowered their target price on HubSpot from $900.00 to $750.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 24th. Cantor Fitzgerald initiated coverage on HubSpot in a research note on Tuesday, June 3rd. They set an “overweight” rating and a $775.00 target price on the stock. Finally, Truist Financial lowered their price objective on HubSpot from $720.00 to $675.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $726.04.

HubSpot Trading Up 3.4%

Shares of NYSE HUBS opened at $438.05 on Thursday. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of -1,904.57, a PEG ratio of 13.91 and a beta of 1.66. The business has a 50-day moving average of $537.67 and a 200-day moving average of $607.03.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%. The company had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. During the same quarter in the previous year, the firm earned $1.94 earnings per share. HubSpot’s revenue was up 19.4% on a year-over-year basis. On average, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the transaction, the director owned 522,435 shares of the company’s stock, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares of the company’s stock, valued at $35,269,313.22. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,998 shares of company stock valued at $10,928,616. 4.00% of the stock is owned by corporate insiders.

HubSpot 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.