Metis Global Partners LLC Sells 63 Shares of HubSpot, Inc. (NYSE:HUBS)

Metis Global Partners LLC lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,205 shares of the software maker’s stock after selling 63 shares during the period. Metis Global Partners LLC’s holdings in HubSpot were worth $700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of HubSpot in the fourth quarter valued at $109,000. Summit Global Investments lifted its stake in HubSpot by 57.5% during the fourth quarter. Summit Global Investments now owns 7,165 shares of the software maker’s stock worth $4,160,000 after purchasing an additional 2,615 shares during the period. Los Angeles Capital Management LLC boosted its holdings in HubSpot by 19.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after purchasing an additional 3,671 shares in the last quarter. LGT Group Foundation grew its stake in shares of HubSpot by 23.6% in the 4th quarter. LGT Group Foundation now owns 19,289 shares of the software maker’s stock valued at $11,362,000 after purchasing an additional 3,677 shares during the period. Finally, First Trust Direct Indexing L.P. grew its stake in shares of HubSpot by 39.3% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,394 shares of the software maker’s stock valued at $809,000 after purchasing an additional 393 shares during the period. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

Shares of NYSE HUBS opened at $587.34 on Friday. The company has a fifty day moving average price of $627.54 and a 200 day moving average price of $568.08. The firm has a market cap of $29.90 billion, a PE ratio of -165.45 and a beta of 1.57. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to analysts’ expectations of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. Research analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. William Blair restated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price objective on shares of HubSpot in a report on Thursday. TD Cowen reduced their target price on HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Scotiabank boosted their price objective on HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $637.27.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now owns 88,861 shares in the company, valued at $56,356,534.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now owns 88,861 shares in the company, valued at approximately $56,356,534.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold a total of 21,393 shares of company stock valued at $13,421,401 over the last 90 days. 4.90% of the stock is owned by corporate 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.