State of Alaska Department of Revenue Lowers Position in HubSpot, Inc. (NYSE:HUBS)

State of Alaska Department of Revenue lessened its holdings in HubSpot, Inc. (NYSE:HUBSGet Rating) by 17.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,317 shares of the software maker’s stock after selling 2,418 shares during the period. State of Alaska Department of Revenue’s holdings in HubSpot were worth $3,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glassman Wealth Services raised its position in shares of HubSpot by 141.2% in the fourth quarter. Glassman Wealth Services now owns 41 shares of the software maker’s stock worth $27,000 after buying an additional 24 shares in the last quarter. Arlington Partners LLC raised its position in shares of HubSpot by 63.9% in the first quarter. Arlington Partners LLC now owns 59 shares of the software maker’s stock worth $28,000 after buying an additional 23 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of HubSpot by 114.3% in the first quarter. AdvisorNet Financial Inc now owns 60 shares of the software maker’s stock worth $28,000 after buying an additional 32 shares in the last quarter. TimeScale Financial Inc. raised its position in shares of HubSpot by 240.0% in the first quarter. TimeScale Financial Inc. now owns 68 shares of the software maker’s stock worth $32,000 after buying an additional 48 shares in the last quarter. Finally, HM Payson & Co. raised its position in shares of HubSpot by 950.0% in the fourth quarter. HM Payson & Co. now owns 84 shares of the software maker’s stock worth $55,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $279.20, for a total transaction of $2,373,200.00. Following the completion of the transaction, the insider now directly owns 675,066 shares in the company, valued at $188,478,427.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $279.20, for a total transaction of $2,373,200.00. Following the completion of the transaction, the insider now directly owns 675,066 shares in the company, valued at $188,478,427.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 200 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $400.00, for a total value of $80,000.00. Following the transaction, the chief financial officer now owns 36,577 shares of the company’s stock, valued at $14,630,800. The disclosure for this sale can be found here. Insiders sold 17,200 shares of company stock worth $4,884,200 over the last three months. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HUBS shares. Wolfe Research lowered their price target on HubSpot from $400.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, September 12th. Morgan Stanley lowered their price target on HubSpot from $436.00 to $405.00 and set an “overweight” rating on the stock in a research report on Thursday, September 8th. The Goldman Sachs Group lowered their price target on HubSpot from $617.00 to $444.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Scotiabank started coverage on HubSpot in a research report on Thursday, June 9th. They set an “outperform” rating and a $550.00 price target on the stock. Finally, Barclays lowered their price target on HubSpot from $375.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $523.92.

HubSpot Price Performance

HUBS opened at $283.29 on Thursday. The stock has a fifty day simple moving average of $325.95 and a two-hundred day simple moving average of $360.56. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.60 billion, a price-to-earnings ratio of -140.24 and a beta of 1.56. HubSpot, Inc. has a 12-month low of $257.21 and a 12-month high of $866.00.

HubSpot (NYSE:HUBSGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The software maker reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.16). HubSpot had a negative net margin of 6.28% and a negative return on equity of 9.89%. The company had revenue of $421.76 million for the quarter, compared to the consensus estimate of $409.67 million. Research analysts predict that HubSpot, Inc. will post -2.13 earnings per share for the current fiscal year.

About HubSpot

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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.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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