Moody Lynn & Lieberson LLC Sells 11,947 Shares of HubSpot, Inc. $HUBS

Moody Lynn & Lieberson LLC lowered its position in HubSpot, Inc. (NYSE:HUBS) by 57.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,006 shares of the software maker’s stock after selling 11,947 shares during the period. Moody Lynn & Lieberson LLC’s holdings in HubSpot were worth $4,213,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HUBS. Jennison Associates LLC lifted its stake in shares of HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after buying an additional 672,158 shares in the last quarter. Norges Bank bought a new stake in HubSpot during the second quarter worth $269,941,000. Neuberger Berman Group LLC grew its holdings in HubSpot by 166.2% during the second quarter. Neuberger Berman Group LLC now owns 321,679 shares of the software maker’s stock worth $179,055,000 after buying an additional 200,844 shares in the last quarter. Vanguard Group Inc. boosted its holdings in HubSpot by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after acquiring an additional 144,507 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of HubSpot by 64.2% in the 1st quarter. AQR Capital Management LLC now owns 341,957 shares of the software maker’s stock worth $191,431,000 after acquiring an additional 133,720 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HUBS. Rothschild Redb downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Tuesday, October 14th. Needham & Company LLC decreased their target price on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group lowered their target price on HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Piper Sandler reduced their price target on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $613.45.

HubSpot Price Performance

Shares of HUBS stock opened at $406.36 on Wednesday. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of -5,079.48, a PEG ratio of 13.54 and a beta of 1.46. The company’s fifty day simple moving average is $402.00 and its two-hundred day simple moving average is $465.69. HubSpot, Inc. has a 1 year low of $344.41 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.08. The company had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 earnings per share. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity

In other news, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the transaction, the director owned 496,308 shares of the company’s stock, valued at $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,502 shares of company stock worth $11,559,565 over the last ninety days. Company insiders own 4.00% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.