Moody Lynn & Lieberson LLC Boosts Stock Position in HubSpot, Inc. $HUBS

Key Points

• Moody Lynn & Lieberson LLC increased its stake in HubSpot, Inc. by an astonishing 2,038.1%, bringing their total shares to 20,953 valued at $11.66 million by the end of Q2.
• Several institutional investors also significantly increased their holdings in HubSpot, with 90.39% of the stock now owned by hedge funds and other institutional investors.
• HubSpot reported Q2 earnings of $2.19 EPS, exceeding expectations, and experienced a 19.4% increase in revenue compared to the previous year.

Moody Lynn & Lieberson LLC grew its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 2,038.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,953 shares of the software maker's stock after purchasing an additional 19,973 shares during the period. Moody Lynn & Lieberson LLC's holdings in HubSpot were worth $11,663,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its position in HubSpot by 130.8% in the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after buying an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in HubSpot during the 1st quarter valued at approximately $35,000. Clean Yield Group purchased a new stake in shares of HubSpot in the 1st quarter valued at $41,000. GW&K Investment Management LLC increased its stake in shares of HubSpot by 203.8% in the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock worth $45,000 after acquiring an additional 53 shares during the period. Finally, S Bank Fund Management Ltd purchased a new position in shares of HubSpot during the first quarter worth $46,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 17,253 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was 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 owned 1,275,805 shares of the company's stock, valued at $638,744,531.30. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the transaction, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,094 shares of company stock worth $25,716,404 in the last quarter. Company insiders own 4.00% of the company's stock.

HubSpot Price Performance

HubSpot stock opened at $518.46 on Monday. The stock has a market capitalization of $27.32 billion, a PE ratio of -2,254.18, a price-to-earnings-growth ratio of 17.86 and a beta of 1.58. The business has a 50 day simple moving average of $492.16 and a 200-day simple moving average of $549.16. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to analysts' expectations 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 quarter last year, the company earned $1.94 EPS. On average, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HUBS has been the topic of several recent research reports. Macquarie lowered their price target on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Piper Sandler initiated coverage on HubSpot in a report on Thursday, September 4th. They set an "overweight" rating and a $675.00 target price on the stock. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. BMO Capital Markets lowered their price objective on HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Finally, Citigroup dropped their price objective on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and a consensus target price of $722.93.

HubSpot Company 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.

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