Bamco Inc. NY Reduces Position in HubSpot, Inc. (NYSE:HUBS)

Bamco Inc. NY lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 7.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,763 shares of the software maker’s stock after selling 3,004 shares during the period. Bamco Inc. NY’s holdings in HubSpot were worth $22,408,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. HB Wealth Management LLC raised its position in shares of HubSpot by 3.5% in the fourth quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock valued at $326,000 after buying an additional 19 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at about $58,000. Blue Trust Inc. raised its position in shares of HubSpot by 46.4% in the fourth quarter. Blue Trust Inc. now owns 221 shares of the software maker’s stock valued at $128,000 after buying an additional 70 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at about $226,000. Finally, Mirador Capital Partners LP acquired a new stake in shares of HubSpot in the fourth quarter valued at about $311,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HUBS. KeyCorp dropped their price objective on shares of HubSpot from $520.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, July 12th. UBS Group lowered their target price on shares of HubSpot from $640.00 to $580.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Canaccord Genuity Group lowered their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Oppenheimer lowered their price objective on shares of HubSpot from $725.00 to $625.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of HubSpot from $750.00 to $650.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average price target of $633.88.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now directly owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the sale, the chief technology officer now directly owns 1,348,929 shares in the company, valued at $791,618,983.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,491 shares of company stock worth $26,699,609. 4.50% of the stock is owned by insiders.

HubSpot Stock Performance

HUBS traded down $3.04 during trading hours on Friday, hitting $492.72. 930,327 shares of the stock were exchanged, compared to its average volume of 978,219. The stock has a 50-day simple moving average of $563.62 and a 200-day simple moving average of $597.17. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of -185.93 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The firm had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. Analysts anticipate that HubSpot, Inc. will post -0.44 earnings per share for the current year.

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.