Acadian Asset Management LLC Decreases Stake in HubSpot, Inc. $HUBS

Acadian Asset Management LLC lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 11.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,500 shares of the software maker’s stock after selling 559 shares during the period. Acadian Asset Management LLC’s holdings in HubSpot were worth $2,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of HubSpot by 19.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock worth $5,306,000 after purchasing an additional 1,533 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of HubSpot by 2,038.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after purchasing an additional 19,973 shares during the period. Nordea Investment Management AB grew its stake in HubSpot by 74.4% during the 2nd quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock worth $8,921,000 after buying an additional 6,846 shares during the last quarter. Los Angeles Capital Management LLC increased its position in HubSpot by 24.1% during the second quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock worth $7,363,000 after buying an additional 2,569 shares during the period. Finally, 111 Capital lifted its stake in HubSpot by 83.4% in the second quarter. 111 Capital now owns 1,579 shares of the software maker’s stock valued at $879,000 after buying an additional 718 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of HubSpot from $675.00 to $575.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Needham & Company LLC dropped their price objective on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group decreased their target price on shares of HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Wall Street Zen upgraded HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Rothschild Redb downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $620.41.

HubSpot Price Performance

HubSpot stock opened at $395.59 on Friday. The stock’s 50 day moving average price is $466.73 and its 200 day moving average price is $521.19. HubSpot, Inc. has a 1-year low of $375.01 and a 1-year high of $881.13. The company has a market cap of $20.72 billion, a PE ratio of -4,944.85, a price-to-earnings-growth ratio of 13.25 and a beta of 1.60.

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

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 235 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $493.30, for a total value of $115,925.50. Following the completion of the transaction, the director directly owned 513,466 shares of the company’s stock, valued at approximately $253,292,777.80. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the sale, the chief financial officer owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,098 shares of company stock worth $24,757,257 over the last three months. 4.00% of the stock is currently owned by company insiders.

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.