HubSpot, Inc. (NYSE:HUBS) Shares Sold by AE Wealth Management LLC

Key Points

• AE Wealth Management LLC reduced its stake in HubSpot, Inc. by 17.6%, selling 561 shares and holding a total of 2,618 shares valued at approximately $1.5 million.
• Several institutions increased their stakes, with Private Trust Co. NA raising its holding by 481.5% and Oppenheimer & Co. acquiring a new stake valued at $235,000.
• HubSpot's stock is currently trading at $559.81, with an average rating of "Moderate Buy" and a consensus price target of $759.04.

AE Wealth Management LLC lessened its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,618 shares of the software maker's stock after selling 561 shares during the quarter. AE Wealth Management LLC's holdings in HubSpot were worth $1,496,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HUBS. Private Trust Co. NA raised its stake in HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after buying an additional 130 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in HubSpot by 4.6% in the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock worth $16,427,000 after purchasing an additional 1,276 shares during the period. Golden State Wealth Management LLC increased its stake in HubSpot by 1,840.0% during the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after purchasing an additional 92 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of HubSpot during the first quarter worth $235,000. Finally, Amalgamated Bank raised its holdings in shares of HubSpot by 6.9% during the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after purchasing an additional 226 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Trading Up 1.4%

NYSE:HUBS opened at $559.81 on Monday. The stock has a market capitalization of $29.52 billion, a P/E ratio of -1,244.03, a price-to-earnings-growth ratio of 20.80 and a beta of 1.66. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a 50 day moving average of $569.90 and a 200-day moving average of $626.14.

Analyst Upgrades and Downgrades

HUBS has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, June 9th. BMO Capital Markets cut their price objective on HubSpot from $735.00 to $650.00 and set an "outperform" rating on the stock in a report on Friday, July 18th. UBS Group upped their price target on shares of HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus reduced their price objective on HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Finally, Oppenheimer increased their price objective on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $759.04.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,383 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 value of $1,314,915.57. Following the transaction, the chief executive officer owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total value of $4,616,095.00. Following the sale, the director owned 522,435 shares in the company, valued at $283,718,775.45. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,998 shares of company stock valued at $10,928,616 in the last three months. Corporate 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.

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