LMR Partners LLP Reduces Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

LMR Partners LLP lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 35.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,000 shares of the software maker’s stock after selling 25,073 shares during the period. LMR Partners LLP owned approximately 0.09% of HubSpot worth $23,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC raised its position in HubSpot by 125.6% during the third quarter. Quest Partners LLC now owns 871 shares of the software maker’s stock valued at $463,000 after acquiring an additional 485 shares in the last quarter. Swiss National Bank grew its stake in HubSpot by 0.8% in the 3rd quarter. Swiss National Bank now owns 143,700 shares of the software maker’s stock valued at $76,391,000 after acquiring an additional 1,100 shares during the period. Thrivent Financial for Lutherans increased its holdings in HubSpot by 10.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 33,559 shares of the software maker’s stock worth $17,840,000 after acquiring an additional 3,270 shares in the last quarter. CIBC Asset Management Inc raised its position in HubSpot by 5.2% during the third quarter. CIBC Asset Management Inc now owns 1,890 shares of the software maker’s stock worth $1,005,000 after acquiring an additional 93 shares during the period. Finally, Intellectus Partners LLC lifted its holdings in HubSpot by 25.4% during the third quarter. Intellectus Partners LLC now owns 5,725 shares of the software maker’s stock valued at $3,043,000 after purchasing an additional 1,160 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HubSpot stock opened at $677.07 on Monday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $724.61. The firm has a market capitalization of $34.95 billion, a price-to-earnings ratio of -2,507.67, a PEG ratio of 82.30 and a beta of 1.63. The stock has a 50 day moving average of $554.78 and a 200 day moving average of $547.76.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share 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 return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. Analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 41,259 shares in the company, valued at $28,881,300. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,891 shares of company stock worth $6,662,473 over the last three months. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. BMO Capital Markets raised their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Canaccord Genuity Group boosted their price target on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Barclays raised their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

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.