Peak Financial Management Inc. Sells 21 Shares of HubSpot, Inc. (NYSE:HUBS)

by · The Cerbat Gem

Peak Financial Management Inc. cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) by 2.9% during the third quarter, Holdings Channel.com reports. The fund owned 694 shares of the software maker’s stock after selling 21 shares during the period. Peak Financial Management Inc.’s holdings in HubSpot were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after acquiring an additional 119,999 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in HubSpot by 74.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock worth $2,117,000 after acquiring an additional 1,560 shares during the last quarter. M&G Plc bought a new stake in HubSpot during the first quarter worth approximately $8,533,000. Headlands Technologies LLC bought a new stake in HubSpot during the second quarter worth approximately $3,135,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in HubSpot by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,775 shares of the software maker’s stock worth $9,257,000 after acquiring an additional 3,750 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 1,374 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $755,700.00. Following the sale, the chief executive officer now owns 61,294 shares of the company’s stock, valued at $33,711,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,321 shares of company stock worth $3,374,089. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

HubSpot stock traded down $11.88 during midday trading on Tuesday, reaching $548.21. The company had a trading volume of 337,165 shares, compared to its average volume of 604,284. The company has a market capitalization of $27.94 billion, a P/E ratio of -211.28, a P/E/G ratio of 7,193.98 and a beta of 1.64. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The firm’s fifty day simple moving average is $506.44 and its 200-day simple moving average is $556.42.

HubSpot (NYSE:HUBS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. HubSpot’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted ($1.17) EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup reduced their price objective on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays dropped their target price on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus boosted their target price on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Needham & Company LLC restated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Monday. Finally, Truist Financial restated a “buy” rating and set a $600.00 target price (down previously from $700.00) on shares of HubSpot in a research report 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 company. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.83.

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About HubSpot

(Free Report)

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.

See Also

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