SG Americas Securities LLC Decreases Stake in HubSpot, Inc. $HUBS

SG Americas Securities LLC lowered its position in HubSpot, Inc. (NYSE:HUBS) by 79.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,486 shares of the software maker’s stock after selling 9,405 shares during the quarter. SG Americas Securities LLC’s holdings in HubSpot were worth $1,163,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in shares of HubSpot by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock worth $242,000 after purchasing an additional 24 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in HubSpot by 4.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after buying an additional 27 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in shares of HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after acquiring an additional 28 shares in the last quarter. Asset Dedication LLC increased its holdings in shares of HubSpot by 27.1% in the 2nd quarter. Asset Dedication LLC now owns 136 shares of the software maker’s stock valued at $76,000 after acquiring an additional 29 shares during the last quarter. Finally, Bouvel Investment Partners LLC raised its position in shares of HubSpot by 1.7% during the 3rd quarter. Bouvel Investment Partners LLC now owns 1,768 shares of the software maker’s stock worth $827,000 after acquiring an additional 29 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HUBS shares. Evercore ISI set a $500.00 price target on HubSpot in a report on Thursday, November 6th. Bank of America decreased their price objective on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group cut their target price on HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Stifel Nicolaus decreased their target price on HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Argus dropped their price target on HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $603.07.

Insiders Place Their Bets

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the transaction, the director directly owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 25,500 shares of company stock valued at $10,058,565. Company insiders own 4.00% of the company’s stock.

HubSpot Price Performance

HubSpot stock opened at $312.32 on Friday. The business has a 50 day simple moving average of $378.25 and a 200-day simple moving average of $450.21. HubSpot, Inc. has a 12 month low of $309.00 and a 12 month high of $881.13. The stock has a market capitalization of $16.36 billion, a PE ratio of -3,904.00, a price-to-earnings-growth ratio of 7.32 and a beta of 1.46.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 earnings per share. As a group, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.