OneDigital Investment Advisors LLC Lowers Stock Position in HubSpot, Inc. (NYSE:HUBS)

OneDigital Investment Advisors LLC trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 591 shares of the software maker’s stock after selling 39 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in HubSpot were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GDS Wealth Management bought a new stake in shares of HubSpot during the 3rd quarter valued at $2,149,000. Pallas Capital Advisors LLC bought a new stake in HubSpot during the third quarter valued at about $624,000. Headlands Technologies LLC bought a new stake in HubSpot during the second quarter valued at about $3,135,000. Curi RMB Capital LLC lifted its position in shares of HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after acquiring an additional 937 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new position in shares of HubSpot in the second quarter worth about $1,346,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,391 shares of company stock valued at $29,101,488. Insiders own 4.50% of the company’s stock.

HubSpot Trading Up 3.4 %

Shares of NYSE HUBS opened at $718.24 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $728.90. The stock’s fifty day simple moving average is $570.51 and its two-hundred day simple moving average is $551.07. The stock has a market capitalization of $37.08 billion, a PE ratio of -2,660.15, a price-to-earnings-growth ratio of 82.97 and a beta of 1.63.

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

Analyst Upgrades and Downgrades

HUBS has been the topic of several recent analyst reports. Oppenheimer boosted their price target on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $570.00 to $640.00 in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $672.68.

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.