Mount Lucas Management LP Lowers Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Mount Lucas Management LP trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 17.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 333 shares of the software maker’s stock after selling 71 shares during the period. Mount Lucas Management LP’s holdings in HubSpot were worth $232,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Baker Avenue Asset Management LP lifted its position in HubSpot by 1.6% in the 3rd quarter. Baker Avenue Asset Management LP now owns 6,098 shares of the software maker’s stock valued at $3,242,000 after acquiring an additional 98 shares in the last quarter. GDS Wealth Management bought a new position in HubSpot in the 3rd quarter valued at approximately $2,149,000. WCM Investment Management LLC lifted its position in HubSpot by 32.1% in the 3rd quarter. WCM Investment Management LLC now owns 2,649 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 644 shares in the last quarter. Entropy Technologies LP bought a new position in HubSpot in the 3rd quarter valued at approximately $2,791,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in HubSpot by 243.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,485 shares of the software maker’s stock valued at $13,548,000 after acquiring an additional 18,060 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at approximately $374,819,745.70. This represents a 1.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at $27,053,310.40. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,997 shares of company stock worth $35,796,526. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of several analyst reports. BMO Capital Markets upped their price objective on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Scotiabank upped their price objective on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company upped their price objective on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their price objective on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Bank of America boosted their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Price Performance

NYSE:HUBS opened at $584.67 on Tuesday. The firm has a market capitalization of $30.49 billion, a price-to-earnings ratio of 6,497.09, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business has a fifty day moving average price of $733.26 and a 200-day moving average price of $649.64.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.