Beck Bode LLC Lowers Holdings in HubSpot, Inc. (NYSE:HUBS)

Beck Bode LLC trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 40.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,824 shares of the software maker’s stock after selling 1,234 shares during the quarter. Beck Bode LLC’s holdings in HubSpot were worth $1,076,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after buying an additional 39,098 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after purchasing an additional 176,336 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of HubSpot by 50.3% during the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after purchasing an additional 626,977 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after purchasing an additional 604,554 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of HubSpot during the 4th quarter worth $311,236,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the sale, the insider now directly owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,012 shares of company stock worth $21,300,253. 4.50% of the stock is currently owned by insiders.

HubSpot Price Performance

Shares of NYSE HUBS opened at $492.30 on Wednesday. The stock’s 50-day moving average is $487.73 and its two-hundred day moving average is $567.89. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85. The company has a market cap of $25.09 billion, a price-to-earnings ratio of -185.77, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same quarter in the prior year, the business earned ($1.17) EPS. HubSpot’s revenue was up 20.4% on a year-over-year basis. Equities research analysts anticipate that HubSpot, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HUBS shares. Wells Fargo & Company lowered their price target on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Oppenheimer lowered their price target on HubSpot from $725.00 to $625.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, August 8th. UBS Group lowered their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Stifel Nicolaus lowered their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $610.79.

HubSpot Company 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.