Metis Global Partners LLC Lowers Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Metis Global Partners LLC cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,252 shares of the software maker’s stock after selling 103 shares during the period. Metis Global Partners LLC’s holdings in HubSpot were worth $872,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot in the third quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB raised its stake in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the period. Bank of Jackson Hole Trust purchased a new position in HubSpot during the fourth quarter worth approximately $35,000. Friedenthal Financial acquired a new position in shares of HubSpot in the 4th quarter valued at $50,000. Finally, Crewe Advisors LLC grew its stake in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 2.7 %

HubSpot stock opened at $688.42 on Wednesday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a market cap of $35.90 billion, a P/E ratio of 7,649.91, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The stock has a 50 day moving average of $738.87 and a 200-day moving average of $645.44.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS 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%. As a group, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on HUBS shares. Mizuho increased their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Redburn Atlantic started coverage on HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Stifel Nicolaus raised their price target on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

Insider Buying and Selling

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,997 shares of company stock worth $35,796,526. Corporate insiders own 4.50% of the company’s stock.

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.