Qsemble Capital Management LP Sells 183 Shares of HubSpot, Inc. (NYSE:HUBS)

Qsemble Capital Management LP lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 731 shares of the software maker’s stock after selling 183 shares during the quarter. Qsemble Capital Management LP’s holdings in HubSpot were worth $389,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GDS Wealth Management bought a new position in HubSpot in the 3rd quarter valued at $2,149,000. Pallas Capital Advisors LLC bought a new position in HubSpot in the 3rd quarter valued at $624,000. Headlands Technologies LLC bought a new position in HubSpot in the 2nd quarter valued at $3,135,000. Icon Wealth Advisors LLC grew its position in HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares during the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in shares of HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after buying an additional 937 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HUBS. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and raised their price target for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Truist Financial restated a “buy” rating and set a $750.00 target price (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction 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 owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,391 shares of company stock valued at $29,101,488. Insiders own 4.50% of the company’s stock.

HubSpot Trading Down 1.1 %

NYSE HUBS opened at $722.12 on Thursday. The company has a fifty day simple moving average of $589.38 and a two-hundred day simple moving average of $554.35. The stock has a market cap of $37.28 billion, a P/E ratio of -2,674.42, a P/E/G ratio of 88.96 and a beta of 1.63. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $754.56.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) earnings per share. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current year.

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.