Moody Lynn & Lieberson LLC Sells 11,947 Shares of HubSpot, Inc. $HUBS

Moody Lynn & Lieberson LLC decreased its stake in HubSpot, Inc. (NYSE:HUBS) by 57.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,006 shares of the software maker’s stock after selling 11,947 shares during the period. Moody Lynn & Lieberson LLC’s holdings in HubSpot were worth $4,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Goodman Advisory Group LLC purchased a new stake in HubSpot during the second quarter valued at about $27,000. Whittier Trust Co. boosted its stake in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the last quarter. Hilltop National Bank bought a new position in shares of HubSpot during the second quarter valued at about $32,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of HubSpot in the second quarter worth about $34,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HUBS. Rothschild & Co Redburn reissued a “neutral” rating and set a $450.00 price target (down previously from $610.00) on shares of HubSpot in a research report on Monday, November 10th. Citigroup raised their target price on shares of HubSpot from $650.00 to $658.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group set a $500.00 price target on shares of HubSpot in a research report on Friday, November 7th. Stifel Nicolaus decreased their price target on shares of HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Bank of America lowered their price objective on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $613.45.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated 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 directly owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the sale, the director owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This represents a 1.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,502 shares of company stock worth $11,559,565 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

HubSpot Stock Up 1.7%

HubSpot stock opened at $406.36 on Wednesday. HubSpot, Inc. has a twelve month low of $344.41 and a twelve month high of $881.13. The company has a market capitalization of $21.29 billion, a P/E ratio of -5,079.48, a PEG ratio of 13.54 and a beta of 1.46. The stock’s 50 day moving average is $402.00 and its 200 day moving average is $465.69.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. During the same period in the previous year, the company posted $2.18 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.