Metis Global Partners LLC Sells 63 Shares of HubSpot, Inc. (NYSE:HUBS)

Metis Global Partners LLC decreased its stake in HubSpot, Inc. (NYSE:HUBS) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,205 shares of the software maker’s stock after selling 63 shares during the period. Metis Global Partners LLC’s holdings in HubSpot were worth $700,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBS. Rakuten Securities Inc. purchased a new stake in HubSpot in the fourth quarter worth $29,000. Venturi Wealth Management LLC lifted its stake in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares in the last quarter. Larson Financial Group LLC boosted its holdings in HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after buying an additional 69 shares during the period. Alta Advisers Ltd bought a new stake in HubSpot during the 3rd quarter valued at $49,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after acquiring an additional 21 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Trading Down 0.5 %

Shares of NYSE HUBS opened at $587.34 on Friday. The business has a fifty day moving average price of $627.54 and a 200 day moving average price of $568.08. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $29.90 billion, a P/E ratio of -165.45 and a beta of 1.57.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. The firm had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. Equities research analysts expect that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays dropped their price objective on HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a report on Thursday. Evercore ISI raised their price target on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a report on Thursday, February 15th. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a report on Thursday, February 15th. Scotiabank lifted their price objective on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research note on Friday, April 5th. Finally, UBS Group restated a “neutral” rating and set a $525.00 target price on shares of HubSpot in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $637.27.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 8,817 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the transaction, the chief executive officer now directly owns 88,977 shares of the company’s stock, valued at approximately $55,165,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other HubSpot news, CEO Yamini Rangan sold 8,817 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the sale, the chief executive officer now owns 88,977 shares of the company’s stock, valued at approximately $55,165,740. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders sold 21,393 shares of company stock valued at $13,421,401 in the last quarter. 4.90% of the stock is currently owned by corporate insiders.

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.