HubSpot, Inc. (NYSE:HUBS) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 85.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 825 shares of the software maker’s stock after selling 4,830 shares during the period. Lecap Asset Management Ltd.’s holdings in HubSpot were worth $575,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after acquiring an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after acquiring an additional 86,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after acquiring an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of HubSpot by 17.5% in the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after purchasing an additional 47,736 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of NYSE HUBS opened at $772.05 on Friday. The company has a market cap of $39.85 billion, a price-to-earnings ratio of -2,859.34, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72. The stock’s 50-day moving average is $728.02 and its two-hundred day moving average is $608.49. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79.

HubSpot (NYSE:HUBS) last released its 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. 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 for the quarter, compared to analyst estimates of $646.97 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities research analysts anticipate that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on HUBS. JPMorgan Chase & Co. lifted their target price on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price objective on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Evercore ISI upped their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $732.88.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

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.