AlphaQuest LLC Reduces Stock Position in HubSpot, Inc. $HUBS

Key Points

• AlphaQuest LLC significantly reduced its holding in HubSpot, Inc. by 66.6% in the first quarter, leaving it with a position worth $282,000.
• Institutional investors hold 90.39% of HubSpot's stock, with notable increases in stakes from firms like Vanguard Group and Price T Rowe Associates.
• HubSpot's stock has experienced analysts rating it as a "Moderate Buy," with a current average price target of $726.04.

AlphaQuest LLC decreased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 66.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493 shares of the software maker's stock after selling 981 shares during the quarter. AlphaQuest LLC's holdings in HubSpot were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Elequin Capital LP purchased a new position in HubSpot in the 4th quarter worth approximately $27,000. Colonial Trust Co SC boosted its position in shares of HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after purchasing an additional 30 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in HubSpot by 130.8% in the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after acquiring an additional 34 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in HubSpot in the first quarter worth $35,000. Finally, Clean Yield Group bought a new stake in HubSpot in the first quarter worth $41,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Performance

NYSE HUBS traded up $6.77 on Friday, reaching $483.11. 817,566 shares of the stock traded hands, compared to its average volume of 1,102,654. The company has a market cap of $25.45 billion, a price-to-earnings ratio of -2,100.46, a PEG ratio of 16.65 and a beta of 1.58. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The company has a fifty day moving average price of $511.25 and a 200-day moving average price of $577.51.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. As a group, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Oppenheimer upped their price target on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. JPMorgan Chase & Co. decreased their price objective on HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Cantor Fitzgerald started coverage on HubSpot in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price objective on the stock. KeyCorp cut their target price on HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Finally, Truist Financial cut their target price on HubSpot from $720.00 to $675.00 and set a "buy" rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and an average target price of $726.04.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at $22,670,843.94. The trade was a 1.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the transaction, the director owned 522,435 shares in the company, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,498 shares of company stock worth $14,752,256 in the last ninety days. 4.00% of the stock is owned by insiders.

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.