Lecap Asset Management Ltd. Sells 495 Shares of HubSpot, Inc. (NYSE:HUBS)

Lecap Asset Management Ltd. lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,655 shares of the software maker’s stock after selling 495 shares during the period. Lecap Asset Management Ltd.’s holdings in HubSpot were worth $3,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after acquiring an additional 39,098 shares during the period. Price T Rowe Associates Inc. MD increased its position in HubSpot by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares during the last quarter. Jennison Associates LLC raised its stake in shares of HubSpot by 62.1% in the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after buying an additional 604,554 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of HubSpot by 0.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after buying an additional 3,775 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of HubSpot by 0.9% during the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock worth $283,337,000 after acquiring an additional 4,242 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the transaction, the insider now owns 9,735 shares in the company, valued at approximately $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,321 shares of company stock valued at $3,374,089. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

NYSE HUBS opened at $531.62 on Wednesday. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a fifty day moving average of $514.44 and a 200-day moving average of $552.11. The company has a market capitalization of $27.09 billion, a P/E ratio of -200.61, a P/E/G ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.17) EPS.

Analyst Ratings Changes

HUBS has been the topic of a number of research reports. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a research note on Thursday, August 8th. Bank of America dropped their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Raymond James reduced their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and set a $700.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Finally, Evercore ISI reduced their price target on HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $611.83.

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.