MetLife Investment Management LLC Increases Stock Position in HubSpot, Inc. $HUBS

MetLife Investment Management LLC grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,048 shares of the software maker’s stock after acquiring an additional 35 shares during the quarter. MetLife Investment Management LLC’s holdings in HubSpot were worth $1,741,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HUBS. Elequin Capital LP purchased a new stake in shares of HubSpot during the 4th quarter valued at about $27,000. Cullen Frost Bankers Inc. lifted its stake in shares of HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after purchasing an additional 34 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of HubSpot in the 1st quarter worth approximately $35,000. Colonial Trust Co SC lifted its stake in shares of HubSpot by 111.1% in the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker’s stock worth $40,000 after purchasing an additional 30 shares during the period. Finally, Clean Yield Group bought a new position in shares of HubSpot in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 2.5%

Shares of HUBS opened at $471.09 on Wednesday. The business’s 50 day moving average is $508.47 and its 200 day moving average is $574.48. The company has a market capitalization of $24.82 billion, a PE ratio of -2,048.22, a price-to-earnings-growth ratio of 16.65 and a beta of 1.58. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. Equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer owned 63,918 shares of the company’s stock, valued at approximately $35,269,313.22. This trade represents a 3.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the sale, the director directly owned 522,435 shares in the company, valued at $235,012,160.40. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,498 shares of company stock valued at $14,752,256. 4.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on HUBS. Citigroup lowered their price objective on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Barclays decreased their target price on HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Wells Fargo & Company boosted their price target on HubSpot from $675.00 to $680.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen upgraded HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, The Goldman Sachs Group lowered their price objective on HubSpot from $900.00 to $795.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $726.04.

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.