Mirae Asset Global Investments Co. Ltd. Sells 10,678 Shares of HubSpot, Inc. (NYSE:HUBS)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of HubSpot, Inc. (NYSE:HUBSGet Rating) by 47.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,785 shares of the software maker’s stock after selling 10,678 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in HubSpot were worth $5,597,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Arlington Partners LLC grew its stake in HubSpot by 63.9% in the 1st quarter. Arlington Partners LLC now owns 59 shares of the software maker’s stock valued at $28,000 after purchasing an additional 23 shares during the period. Glassman Wealth Services grew its stake in HubSpot by 141.2% in the 4th quarter. Glassman Wealth Services now owns 41 shares of the software maker’s stock valued at $27,000 after purchasing an additional 24 shares during the period. Kaizen Financial Strategies grew its stake in HubSpot by 7.5% in the 1st quarter. Kaizen Financial Strategies now owns 430 shares of the software maker’s stock valued at $204,000 after purchasing an additional 30 shares during the period. Accredited Investors Inc. grew its stake in HubSpot by 7.1% in the 1st quarter. Accredited Investors Inc. now owns 468 shares of the software maker’s stock valued at $222,000 after purchasing an additional 31 shares during the period. Finally, Huntington National Bank grew its stake in HubSpot by 29.5% in the 1st quarter. Huntington National Bank now owns 136 shares of the software maker’s stock valued at $65,000 after purchasing an additional 31 shares during the period. Institutional investors own 91.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler upped their price objective on HubSpot from $350.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Mizuho dropped their price target on HubSpot from $450.00 to $410.00 and set a “buy” rating on the stock in a research report on Friday, August 5th. Stifel Nicolaus dropped their price target on HubSpot from $425.00 to $375.00 and set a “buy” rating on the stock in a research report on Thursday, September 8th. The Goldman Sachs Group dropped 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. Finally, Morgan Stanley dropped their price objective on HubSpot from $436.00 to $405.00 and set an “overweight” rating on the stock in a report on Thursday, September 8th. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $523.92.

HubSpot Price Performance

HUBS opened at $273.31 on Friday. The stock’s 50 day simple moving average is $326.14 and its 200 day simple moving average is $359.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.31 and a quick ratio of 2.31. HubSpot, Inc. has a 1 year low of $257.21 and a 1 year high of $866.00. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of -135.30 and a beta of 1.56.

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

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $286.00, for a total value of $2,431,000.00. Following the sale, the insider now directly owns 658,066 shares in the company, valued at approximately $188,206,876. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $286.00, for a total value of $2,431,000.00. Following the sale, the insider now directly owns 658,066 shares in the company, valued at approximately $188,206,876. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 200 shares of HubSpot stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $400.00, for a total value of $80,000.00. Following the completion of the sale, the chief financial officer now owns 36,577 shares in the company, valued at $14,630,800. The disclosure for this sale can be found here. Insiders have sold a total of 17,200 shares of company stock worth $4,884,200 in the last ninety days. 5.60% of the stock is owned by insiders.

HubSpot Company Profile

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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.

See Also

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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