Sanctuary Advisors LLC Sells 1,855 Shares of HubSpot, Inc. (NYSE:HUBS)

Sanctuary Advisors LLC lowered its position in HubSpot, Inc. (NYSE:HUBS) by 31.7% during the 3rd quarter, Holdings Channel reports. The firm owned 3,991 shares of the software maker’s stock after selling 1,855 shares during the quarter. Sanctuary Advisors LLC’s holdings in HubSpot were worth $2,122,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GDS Wealth Management bought a new stake in shares of HubSpot in the 3rd quarter valued at about $2,149,000. Pallas Capital Advisors LLC bought a new position in HubSpot in the third quarter worth approximately $624,000. Icon Wealth Advisors LLC lifted its holdings in HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after buying an additional 20,479 shares during the period. Headlands Technologies LLC purchased a new stake in HubSpot during the second quarter worth $3,135,000. Finally, Curi RMB Capital LLC boosted its position in HubSpot by 15.1% during the 3rd 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. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the transaction, the chief executive officer now owns 62,668 shares in the company, valued at $32,953,341.12. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,390 shares of company stock worth $29,126,596. 4.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HUBS. Royal Bank of Canada upped their price objective on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays increased their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Oppenheimer raised their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.23.

HubSpot Price Performance

HUBS stock opened at $707.02 on Thursday. The company has a market capitalization of $36.50 billion, a P/E ratio of -2,618.50, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The firm’s fifty day simple moving average is $649.79 and its 200-day simple moving average is $567.01.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) EPS. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current year.

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.