Quadrant Capital Group LLC Has $34,000 Position in HubSpot, Inc. (NYSE:HUBS)

Posted by Defense World Staff on Feb 25th, 2023

Quadrant Capital Group LLC decreased its holdings in HubSpot, Inc. (NYSE:HUBS – Get Rating) by 51.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127 shares of the software maker’s stock after selling 132 shares during the quarter. Quadrant Capital Group LLC’s holdings in HubSpot were worth $34,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Durable Capital Partners LP bought a new position in shares of HubSpot during the first quarter valued at $283,913,000. Clearbridge Investments LLC increased its holdings in shares of HubSpot by 33.6% during the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after buying an additional 284,039 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of HubSpot by 176.1% in the 3rd quarter. Fisher Asset Management LLC now owns 327,696 shares of the software maker’s stock worth $88,517,000 after acquiring an additional 208,992 shares in the last quarter. Renaissance Technologies LLC bought a new stake in HubSpot during the 2nd quarter worth approximately $53,395,000. Finally, Goldman Sachs Group Inc. increased its holdings in HubSpot by 21.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 793,615 shares of the software maker’s stock valued at $238,600,000 after purchasing an additional 139,047 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

HubSpot Price Performance

HUBS opened at $386.13 on Friday. The company has a fifty day simple moving average of $331.22 and a 200 day simple moving average of $310.84. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.46. The stock has a market cap of $19.07 billion, a P/E ratio of -164.31 and a beta of 1.59. HubSpot, Inc. has a 12 month low of $245.03 and a 12 month high of $546.95.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HUBS. Truist Financial decreased their target price on HubSpot from $500.00 to $400.00 in a report on Friday, November 4th. Piper Sandler raised their price objective on shares of HubSpot from $350.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 17th. Needham & Company LLC upped their target price on shares of HubSpot from $380.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Macquarie began coverage on shares of HubSpot in a report on Wednesday, November 2nd. They issued an “outperform” rating and a $355.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on HubSpot from $475.00 to $435.00 and set an “overweight” rating on the stock in a report on Thursday, November 3rd. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $422.65.

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 5,281 shares of HubSpot stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $356.26, for a total transaction of $1,881,409.06. Following the transaction, the chief technology officer now owns 1,459,416 shares in the company, valued at approximately $519,931,544.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Dharmesh Shah sold 5,281 shares of the business’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $356.26, for a total value of $1,881,409.06. Following the sale, the chief technology officer now directly owns 1,459,416 shares of the company’s stock, valued at approximately $519,931,544.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $309.80, for a total value of $2,633,300.00. Following the transaction, the insider now owns 634,350 shares of the company’s stock, valued at approximately $196,521,630. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,809 shares of company stock valued at $17,779,233. Company insiders own 5.60% of the company’s stock.

HubSpot Company Profile

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HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005, and is headquartered in Cambridge, MA.