OneAscent Financial Services LLC Lowers Stock Holdings in HubSpot, Inc. (NYSE:HUBS)


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OneAscent Financial Services LLC lowered its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 31.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,152 shares of the software maker’s stock after selling 528 shares during the quarter. OneAscent Financial Services LLC’s holdings in HubSpot were worth $457,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC boosted its position in HubSpot by 61.3% during the third quarter. Harbor Investment Advisory LLC now owns 100 shares of the software maker’s stock worth $29,000 after purchasing an additional 38 shares in the last quarter. Sowell Financial Services LLC boosted its position in HubSpot by 79.2% during the fourth quarter. Sowell Financial Services LLC now owns 86 shares of the software maker’s stock worth $34,000 after purchasing an additional 38 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in HubSpot during the third quarter worth approximately $39,000. Ellevest Inc. lifted its position in shares of HubSpot by 393.0% in the third quarter. Ellevest Inc. now owns 212 shares of the software maker’s stock valued at $62,000 after acquiring an additional 169 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of HubSpot by 33.3% in the third quarter. Arkadios Wealth Advisors now owns 200 shares of the software maker’s stock valued at $62,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on HubSpot from $305.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Canaccord Genuity lifted their price objective on HubSpot from $285.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Piper Sandler boosted their target price on HubSpot from $435.00 to $485.00 in a research note on Monday. Truist boosted their target price on HubSpot from $295.00 to $455.00 in a research note on Monday, November 9th. Finally, Raymond James lifted their price target on HubSpot from $320.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $335.09.

In related news, CTO Dharmesh Shah sold 40,000 shares of the company’s stock in a transaction dated Friday, December 11th. The shares were sold at an average price of $391.61, for a total value of $15,664,400.00. Following the completion of the sale, the chief technology officer now owns 1,657,685 shares of the company’s stock, valued at $649,166,022.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, November 17th. The stock was sold at an average price of $342.39, for a total transaction of $2,910,315.00. Following the completion of the sale, the chief executive officer now directly owns 661,073 shares of the company’s stock, valued at approximately $226,344,784.47. The disclosure for this sale can be found here. In the last three months, insiders sold 77,433 shares of company stock worth $29,094,354. Company insiders own 7.40% of the company’s stock.

Shares of HUBS stock opened at $400.32 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.65 and a current ratio of 3.65. HubSpot, Inc. has a one year low of $90.83 and a one year high of $420.61. The company’s 50-day simple moving average is $395.39 and its 200-day simple moving average is $311.58. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of -221.17 and a beta of 1.79.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $0.28 EPS for the quarter, topping the consensus estimate of $0.13 by $0.15. HubSpot had a negative net margin of 9.78% and a negative return on equity of 4.76%. The business had revenue of $228.39 million for the quarter, compared to analysts’ expectations of $210.86 million. During the same quarter last year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. As a group, research analysts forecast that HubSpot, Inc. will post -1.36 EPS for the current year.

HubSpot Profile

HubSpot, Inc provides a cloud-based marketing, sales, and customer service software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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