Venturi Wealth Management LLC Sells 25 Shares of HubSpot, Inc. $HUBS

Venturi Wealth Management LLC reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,482 shares of the software maker’s stock after selling 25 shares during the period. Venturi Wealth Management LLC’s holdings in HubSpot were worth $825,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC increased its holdings in shares of HubSpot by 0.6% during the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker’s stock worth $1,553,000 after buying an additional 17 shares in the last quarter. Yousif Capital Management LLC grew its position in HubSpot by 3.0% during the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker’s stock worth $378,000 after acquiring an additional 19 shares during the last quarter. Ballentine Partners LLC increased its holdings in HubSpot by 3.5% during the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock valued at $334,000 after purchasing an additional 20 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of HubSpot by 5.2% in the first quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock valued at $231,000 after buying an additional 20 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of HubSpot by 5.9% in the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after buying an additional 24 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Dharmesh Shah sold 4,747 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total value of $2,381,095.20. Following the completion of the transaction, the chief technology officer directly owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. The trade was a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 2,387 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the transaction, the chief executive officer owned 56,277 shares of the company’s stock, valued at $28,138,500. This trade represents a 4.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 51,098 shares of company stock worth $25,563,137. 4.00% of the stock is owned by company insiders.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $459.16 on Thursday. The firm’s 50 day simple moving average is $477.81 and its 200 day simple moving average is $542.11. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The company has a market capitalization of $24.19 billion, a price-to-earnings ratio of -1,996.35, a P/E/G ratio of 15.53 and a beta of 1.58.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $739.94 million. During the same period last year, the business posted $1.94 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HUBS shares. Wall Street Zen cut shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Piper Sandler assumed coverage on HubSpot in a report on Thursday, September 4th. They set an “overweight” rating and a $675.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of HubSpot in a research note on Saturday, September 27th. Raymond James Financial dropped their target price on HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Finally, KeyCorp lowered their price objective on HubSpot from $860.00 to $775.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $723.11.

About HubSpot

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.