Brighton Jones LLC Has $373,000 Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Brighton Jones LLC lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 81.6% during the third quarter, Holdings Channel.com reports. The fund owned 701 shares of the software maker’s stock after selling 3,115 shares during the period. Brighton Jones LLC’s holdings in HubSpot were worth $373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HUBS. Hazlett Burt & Watson Inc. raised its position in HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after acquiring an additional 25 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after purchasing an additional 27 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in HubSpot by 1.4% in the 1st quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker’s stock valued at $1,249,000 after purchasing an additional 28 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in HubSpot by 2.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after purchasing an additional 30 shares during the period. Finally, Quent Capital LLC increased its position in HubSpot by 13.0% during the second quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after buying an additional 30 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 2.1 %

Shares of HubSpot stock opened at $565.78 on Friday. The company has a 50 day moving average of $516.68 and a 200-day moving average of $551.98. The company has a market cap of $29.05 billion, a PE ratio of -1,047.71, a price-to-earnings-growth ratio of 7,068.33 and a beta of 1.64. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same quarter last year, the company posted ($1.17) EPS. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year.

Insiders Place Their Bets

In other news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the transaction, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,321 shares of company stock valued at $3,374,089. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HUBS. Wells Fargo & Company reduced their target price on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $570.00 price objective on shares of HubSpot in a report on Thursday, September 19th. Bank of America cut their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays decreased their price target on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler restated an “overweight” rating and set a $570.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $614.33.

About HubSpot

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.