Catalyst Financial Partners LLC Reduces Position in HubSpot, Inc. (NYSE:HUBS)

Catalyst Financial Partners LLC trimmed its holdings in HubSpot, Inc. (NYSE:HUBS) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 519 shares of the software maker’s stock after selling 20 shares during the quarter. Catalyst Financial Partners LLC’s holdings in HubSpot were worth $276,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HUBS. Geneos Wealth Management Inc. increased its position in shares of HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after acquiring an additional 45 shares during the period. International Assets Investment Management LLC purchased a new position in HubSpot during the 2nd quarter worth $35,000. Crewe Advisors LLC raised its position in HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of HubSpot during the 1st quarter worth $50,000. Finally, J.Safra Asset Management Corp increased its stake in shares of 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 buying an additional 76 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HUBS shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $570.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Raymond James decreased their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Citigroup cut their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, UBS Group decreased their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $614.33.

HubSpot Trading Down 1.0 %

NYSE:HUBS opened at $555.22 on Friday. The stock has a 50 day moving average of $523.23 and a two-hundred day moving average of $548.31. The firm has a market cap of $28.30 billion, a P/E ratio of -209.52, a price-to-earnings-growth ratio of 7,068.33 and a beta of 1.64. HubSpot, Inc. has a 12 month low of $408.62 and a 12 month high of $693.85.

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

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $21,695,632.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,937 shares of company stock worth $3,194,673. Company insiders own 4.50% of the company’s stock.

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.