LMR Partners LLP Reduces Holdings in HubSpot, Inc. (NYSE:HUBS)

LMR Partners LLP decreased its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 35.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,000 shares of the software maker's stock after selling 25,073 shares during the period. LMR Partners LLP owned 0.09% of HubSpot worth $23,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HUBS. US Bancorp DE increased its holdings in shares of HubSpot by 5.0% during the first quarter. US Bancorp DE now owns 2,030 shares of the software maker's stock valued at $1,272,000 after acquiring an additional 97 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of HubSpot by 11.8% in the first quarter. Blair William & Co. IL now owns 1,427 shares of the software maker's stock worth $894,000 after buying an additional 151 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of HubSpot by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker's stock worth $3,025,964,000 after buying an additional 39,098 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of HubSpot during the first quarter valued at $2,924,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of HubSpot by 25.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,170 shares of the software maker's stock valued at $733,000 after acquiring an additional 234 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HUBS stock traded down $5.48 on Monday, reaching $671.59. 216,443 shares of the company were exchanged, compared to its average volume of 594,285. The company has a market cap of $34.67 billion, a price-to-earnings ratio of -2,507.67, a P/E/G ratio of 82.30 and a beta of 1.63. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $724.61. The business has a 50-day moving average price of $554.78 and a 200 day moving average price of $547.76.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business's revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. As a group, equities analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Analyst Ratings Changes

HUBS has been the topic of several research analyst reports. Raymond James dropped their price target on HubSpot from $725.00 to $675.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Piper Sandler downgraded shares of HubSpot from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of HubSpot from $550.00 to $650.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, KeyCorp raised shares of HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 target price for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and an average price target of $672.68.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,891 shares of company stock valued at $6,662,473 in the last 90 days. 4.50% of the stock is 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.