HubSpot, Inc. (NYSE:HUBS) Stake Lessened by MetLife Investment Management LLC

MetLife Investment Management LLC cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,013 shares of the software maker’s stock after selling 68 shares during the period. MetLife Investment Management LLC’s holdings in HubSpot were worth $2,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC purchased a new stake in HubSpot in the 4th quarter worth approximately $1,361,000. Oak Harvest Investment Services acquired a new position in shares of HubSpot during the 4th quarter worth about $2,065,000. Donoghue Forlines LLC acquired a new position in shares of HubSpot during the 4th quarter worth about $2,049,000. Mayflower Financial Advisors LLC acquired a new position in shares of HubSpot during the 4th quarter worth about $862,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in HubSpot by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock valued at $2,262,000 after acquiring an additional 49 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Trading Down 0.4 %

HUBS opened at $613.17 on Tuesday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock’s fifty day simple moving average is $600.99 and its 200 day simple moving average is $662.60. The stock has a market cap of $31.98 billion, a PE ratio of 6,813.76, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

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

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HUBS. Oppenheimer upped their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Canaccord Genuity Group increased their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Citigroup increased their price objective on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Mizuho cut their price target on HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, BMO Capital Markets raised their price objective on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $782.63.

HubSpot 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.