Cwm LLC Lowers Stock Position in HubSpot, Inc. $HUBS

Key Points

• Cwm LLC reduced its stake in HubSpot, Inc. by 28.1% in the second quarter, now holding 6,460 shares valued at approximately $3.6 million.
• Several other institutional investors increased their positions in HubSpot significantly, with Moody Lynn & Lieberson LLC increasing its stake by over 2,000% in the same quarter.
• Equity analysts have lowered their target prices for HubSpot, with consensus targets now around $723.11, while maintaining a general rating of "Moderate Buy."

Cwm LLC cut its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 28.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,460 shares of the software maker's stock after selling 2,521 shares during the period. Cwm LLC's holdings in HubSpot were worth $3,596,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HUBS. Private Trust Co. NA raised its stake in shares of HubSpot by 481.5% in the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after acquiring an additional 130 shares during the period. Moody Lynn & Lieberson LLC raised its stake in shares of HubSpot by 2,038.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker's stock valued at $11,663,000 after acquiring an additional 19,973 shares during the period. Acadian Asset Management LLC raised its stake in shares of HubSpot by 15.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker's stock valued at $2,888,000 after acquiring an additional 660 shares during the period. Principal Financial Group Inc. raised its stake in shares of HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after acquiring an additional 1,276 shares during the period. Finally, 111 Capital raised its stake in shares of HubSpot by 83.4% in the 2nd quarter. 111 Capital now owns 1,579 shares of the software maker's stock valued at $879,000 after acquiring an additional 718 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Canaccord Genuity Group cut their target price on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Barclays cut their target price on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. UBS Group reaffirmed an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Finally, BMO Capital Markets lowered their price target on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $723.11.

HubSpot Trading Down 2.7%

HUBS opened at $433.37 on Friday. The company has a fifty day simple moving average of $472.04 and a 200 day simple moving average of $535.70. The firm has a market cap of $22.83 billion, a price-to-earnings ratio of -1,884.22, a PEG ratio of 15.36 and a beta of 1.58. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the business earned $1.94 EPS. On average, analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 17,253 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the completion of the transaction, the chief technology officer directly owned 1,275,805 shares of the company's stock, valued at $638,744,531.30. This trade represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director directly owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,598 shares of company stock valued at $20,947,042 in the last 90 days. 4.00% of the stock is currently owned by insiders.

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.

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