Los Angeles Capital Management LLC Has $5.52 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Los Angeles Capital Management LLC lessened its position in HubSpot, Inc. (NYSE:HUBS) by 60.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,817 shares of the software maker’s stock after selling 13,729 shares during the period. Los Angeles Capital Management LLC’s holdings in HubSpot were worth $5,524,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of HubSpot in the third quarter valued at approximately $592,000. Envestnet Asset Management Inc. grew its holdings in HubSpot by 44.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 70,900 shares of the software maker’s stock worth $34,918,000 after acquiring an additional 21,682 shares during the last quarter. V Square Quantitative Management LLC increased its position in HubSpot by 8.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 414 shares of the software maker’s stock valued at $204,000 after acquiring an additional 33 shares during the period. Hsbc Holdings PLC raised its stake in shares of HubSpot by 15.0% during the third quarter. Hsbc Holdings PLC now owns 20,345 shares of the software maker’s stock valued at $10,032,000 after acquiring an additional 2,656 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of HubSpot during the third quarter worth $696,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HUBS. Stifel Nicolaus lowered their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Citigroup cut their price objective on HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. BMO Capital Markets decreased their target price on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Barclays dropped their price target on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $641.00.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 192 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at $7,059,000. The disclosure for this sale can be found here. Insiders have sold 20,353 shares of company stock valued at $12,845,623 in the last three months. 4.50% of the stock is currently owned by insiders.

HubSpot Price Performance

HubSpot stock opened at $556.63 on Friday. The firm’s fifty day moving average price is $608.73 and its two-hundred day moving average price is $599.28. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The firm had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. Research analysts expect that HubSpot, Inc. will post -0.56 EPS for the current year.

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.