LMR Partners LLP Sells 15,000 Shares of HubSpot, Inc. (NYSE:HUBS)

LMR Partners LLP cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the software maker's stock after selling 15,000 shares during the period. LMR Partners LLP owned about 0.06% of HubSpot worth $20,903,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC bought a new position in shares of HubSpot during the fourth quarter worth about $1,361,000. Oak Harvest Investment Services bought a new position in HubSpot in the fourth quarter worth about $2,065,000. Donoghue Forlines LLC bought a new position in HubSpot in the fourth quarter worth about $2,049,000. Mayflower Financial Advisors LLC bought a new position in HubSpot in the fourth quarter worth about $862,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of HubSpot by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock valued at $2,262,000 after purchasing an additional 49 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $3.62 on Friday, hitting $660.43. 687,933 shares of the company were exchanged, compared to its average volume of 621,704. The firm has a market capitalization of $34.76 billion, a price-to-earnings ratio of 7,338.97, a PEG ratio of 41.44 and a beta of 1.78. The company's 50 day moving average price is $588.18 and its two-hundred day moving average price is $670.37. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Mizuho decreased their price target on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC restated a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research report on Friday, May 9th. Citigroup lifted their price target on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research report on Tuesday. Truist Financial decreased their price target on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Morgan Stanley lifted their price target on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $767.33.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 680 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,562 shares of company stock valued at $18,401,757. 4.50% of the stock is currently owned by insiders.

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.