HubSpot, Inc. (NYSE:HUBS) Shares Sold by LMR Partners LLP

LMR Partners LLP lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 35.8% during the third quarter, Holdings Channel.com reports. The firm owned 45,000 shares of the software maker’s stock after selling 25,073 shares during the quarter. LMR Partners LLP’s holdings in HubSpot were worth $23,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in shares of HubSpot during the second quarter worth $35,000. HM Payson & Co. boosted its position in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after acquiring an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HUBS shares. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. BMO Capital Markets increased their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group boosted their price target on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, Citigroup cut their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $672.68.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,891 shares of company stock worth $6,662,473 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

HUBS stock opened at $677.07 on Monday. The stock has a market capitalization of $34.95 billion, a PE ratio of -2,507.67, a price-to-earnings-growth ratio of 82.30 and a beta of 1.63. The company has a fifty day moving average of $554.78 and a 200-day moving average of $547.76. HubSpot, Inc. has a one year low of $434.84 and a one year high of $724.61.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. Equities analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

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.