First Affirmative Financial Network Sells 65 Shares of HubSpot, Inc. (NYSE:HUBS)

First Affirmative Financial Network reduced its position in HubSpot, Inc. (NYSE:HUBS) by 13.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 403 shares of the software maker’s stock after selling 65 shares during the period. First Affirmative Financial Network’s holdings in HubSpot were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HUBS. Riverview Trust Co purchased a new position in HubSpot in the first quarter worth $27,000. Geneos Wealth Management Inc. grew its stake in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares during the last quarter. International Assets Investment Management LLC acquired a new position in HubSpot during the 2nd quarter valued at about $35,000. Crewe Advisors LLC raised its stake in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in HubSpot in the first quarter worth about $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In related news, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the completion of the sale, the chief executive officer now owns 61,294 shares of the company’s stock, valued at approximately $33,711,700. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,821 shares of company stock valued at $7,388,384 over the last quarter. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HUBS. Piper Sandler restated an “overweight” rating and set a $570.00 price objective on shares of HubSpot in a report on Thursday, September 19th. Raymond James decreased their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. UBS Group dropped their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Evercore ISI reduced their target price on HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company dropped their price target on HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $611.83.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $559.40 on Friday. The business’s 50 day moving average price is $504.35 and its 200-day moving average price is $557.35. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The firm 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 posted its quarterly earnings data 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. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted ($1.17) earnings per share.

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.