Atria Wealth Solutions Inc. Sells 723 Shares of HubSpot, Inc. $HUBS

Key Points

• Atria Wealth Solutions Inc. decreased its stake in HubSpot, Inc. by 64.3% in the second quarter, owning a total of 401 shares worth approximately $223,000 after selling 723 shares.
• In recent trading reports, several institutional investors increased their positions in HubSpot, including Price T Rowe Associates, which boosted its holdings by 17.0%, now owning over 4.9 million shares.
• The stock recently opened at $470.28 and has a market cap of $24.78 billion, with earnings per share for the last quarter reported at $2.19, surpassing analysts' expectations of $2.12.

Atria Wealth Solutions Inc. lowered its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 64.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 401 shares of the software maker's stock after selling 723 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in HubSpot were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD boosted its holdings in HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after purchasing an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after purchasing an additional 251,853 shares during the last quarter. Vanguard Group Inc. boosted its holdings in HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after purchasing an additional 201,994 shares during the last quarter. Nuveen LLC purchased a new stake in HubSpot in the first quarter worth approximately $99,963,000. Finally, AQR Capital Management LLC boosted its holdings in HubSpot by 64.2% in the first quarter. AQR Capital Management LLC now owns 341,957 shares of the software maker's stock worth $191,431,000 after purchasing an additional 133,720 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,387 shares of HubSpot stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares in the company, valued at approximately $28,138,500. The trade was a 4.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Dharmesh Shah sold 4,747 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the completion of the sale, the chief technology officer owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,598 shares of company stock valued at $20,947,042. 4.00% of the stock is currently owned by insiders.

HubSpot Stock Performance

HUBS opened at $470.28 on Thursday. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The firm's fifty day moving average is $474.20 and its 200 day moving average is $533.20. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of -2,044.71, a price-to-earnings-growth ratio of 16.49 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company had revenue of $760.87 million for the quarter, compared to analysts' expectations of $739.94 million. During the same quarter in the previous year, the company earned $1.94 EPS. HubSpot's revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of HubSpot from $650.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday. Raymond James Financial dropped their target price on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. KeyCorp dropped their price target on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Needham & Company LLC reiterated a "buy" rating and set a $900.00 price target on shares of HubSpot in a research note on Thursday, September 4th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $775.00 price target on shares of HubSpot in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $719.54.

HubSpot Company 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.

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