Lecap Asset Management Ltd. Sells 4,830 Shares of HubSpot, Inc. (NYSE:HUBS)

Lecap Asset Management Ltd. lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 85.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 825 shares of the software maker’s stock after selling 4,830 shares during the quarter. Lecap Asset Management Ltd.’s holdings in HubSpot were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HUBS. Cetera Investment Advisers increased its position in shares of HubSpot by 17.8% during the second quarter. Cetera Investment Advisers now owns 4,706 shares of the software maker’s stock worth $2,776,000 after purchasing an additional 712 shares in the last quarter. GAMMA Investing LLC grew its stake in HubSpot by 58.8% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the software maker’s stock worth $100,000 after buying an additional 70 shares during the last quarter. CWM LLC increased its position in HubSpot by 82.5% during the 3rd quarter. CWM LLC now owns 4,363 shares of the software maker’s stock valued at $2,320,000 after buying an additional 1,972 shares in the last quarter. Perpetual Ltd raised its stake in HubSpot by 79.7% in the third quarter. Perpetual Ltd now owns 1,454 shares of the software maker’s stock valued at $773,000 after buying an additional 645 shares during the last quarter. Finally, Tobam boosted its holdings in HubSpot by 54.5% in the third quarter. Tobam now owns 204 shares of the software maker’s stock worth $108,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In other news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Down 0.8 %

NYSE:HUBS opened at $772.05 on Friday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $811.79. The stock’s 50-day moving average price is $728.02 and its 200-day moving average price is $608.49. The stock has a market capitalization of $39.85 billion, a PE ratio of -2,859.34, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. Sell-side analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent analyst reports. UBS Group downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Royal Bank of Canada upped their price target on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Canaccord Genuity Group lifted their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Mizuho upped their target price on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus lifted their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $732.88.

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.