Moody Lynn & Lieberson LLC lessened its position in shares of HubSpot Inc (NYSE:HUBS) by 2.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,576 shares of the software maker’s stock after selling 107 shares during the period. Moody Lynn & Lieberson LLC’s holdings in HubSpot were worth $761,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brinker Capital Inc. purchased a new stake in HubSpot during the 1st quarter valued at $373,000. Strs Ohio raised its holdings in HubSpot by 9.8% in the 1st quarter. Strs Ohio now owns 6,700 shares of the software maker’s stock worth $1,113,000 after purchasing an additional 600 shares in the last quarter. FNY Investment Advisers LLC bought a new position in HubSpot in the 1st quarter worth $249,000. Meeder Asset Management Inc. bought a new position in HubSpot in the 1st quarter worth $53,000. Finally, PagnatoKarp Partners LLC bought a new position in HubSpot in the 1st quarter worth $499,000. 96.78% of the stock is owned by institutional investors and hedge funds.
HUBS stock traded up $0.15 during trading on Tuesday, hitting $183.54. 14,632 shares of the stock traded hands, compared to its average volume of 576,960. HubSpot Inc has a 1 year low of $104.10 and a 1 year high of $185.70. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of -179.17 and a beta of 1.90. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The company had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. As a group, research analysts predict that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.
Several brokerages have commented on HUBS. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Guggenheim restated a “buy” rating on shares of HubSpot in a report on Wednesday, March 20th. Stifel Nicolaus upped their price objective on shares of HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Royal Bank of Canada increased their price target on shares of HubSpot to $167.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of HubSpot to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $175.69.
In related news, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total value of $4,218,250.00. Following the transaction, the chief executive officer now owns 777,390 shares of the company’s stock, valued at $131,169,014.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald S. Gill sold 4,133 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $166.92, for a total transaction of $689,880.36. Following the completion of the transaction, the director now directly owns 18,207 shares in the company, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,895 shares of company stock worth $14,671,594. Insiders own 9.60% of the company’s stock.
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HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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