Oppenheimer Asset Management Inc. Trims Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Oppenheimer Asset Management Inc. lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 18.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,048 shares of the software maker’s stock after selling 916 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in HubSpot were worth $2,152,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HUBS. International Assets Investment Management LLC purchased a new stake in HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. increased its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the period. Crewe Advisors LLC raised its holdings in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the last quarter. J.Safra Asset Management Corp lifted its position in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after purchasing an additional 32 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBS has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Bank of America lowered their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays lifted their target price on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group increased their price target on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Price Performance

NYSE HUBS opened at $677.07 on Friday. The stock’s 50 day simple moving average is $554.78 and its 200-day simple moving average is $548.56. The company has a market cap of $34.95 billion, a PE ratio of -2,507.57, a price-to-earnings-growth ratio of 85.11 and a beta of 1.63. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $724.61.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the firm posted ($0.04) EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities research analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $28,881,300. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,891 shares of company stock worth $6,662,473. 4.50% of the stock is owned by insiders.

HubSpot Profile

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.