Armstrong Advisory Group Inc. Sells 412 Shares of HubSpot, Inc. (NYSE:HUBS)

Armstrong Advisory Group Inc. lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 28.4% during the third quarter, Holdings Channel.com reports. The firm owned 1,041 shares of the software maker’s stock after selling 412 shares during the period. Armstrong Advisory Group Inc.’s holdings in HubSpot were worth $553,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC lifted its position in shares of HubSpot by 50.7% during the fourth quarter. V Square Quantitative Management LLC now owns 624 shares of the software maker’s stock worth $362,000 after purchasing an additional 210 shares in the last quarter. Wellington Management Group LLP boosted its holdings in HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after acquiring an additional 626,977 shares during the last quarter. Vanguard Group Inc. raised its holdings in HubSpot by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after purchasing an additional 119,999 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of HubSpot by 74.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after purchasing an additional 1,560 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $428,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HUBS shares. Truist Financial reaffirmed a “buy” rating and set a $600.00 target price (down previously from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and set a $700.00 target price on shares of HubSpot in a report on Thursday, September 19th. Canaccord Genuity Group lowered their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI decreased their price objective on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Finally, Barclays cut their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $611.83.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $559.40 on Monday. The company’s 50 day simple moving average is $504.35 and its 200 day simple moving average is $556.89. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The stock has a market capitalization of $28.51 billion, a price-to-earnings ratio of -211.09, a price-to-earnings-growth ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the previous year, the business posted ($1.17) earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis.

Insiders Place Their Bets

In related 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 sale, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,821 shares of company stock valued at $7,388,384 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

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.