HubSpot Inc (NYSE:HUBS) Shares Sold by Beck Bode LLC

Beck Bode LLC decreased its stake in shares of HubSpot Inc (NYSE:HUBS) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,077 shares of the software maker’s stock after selling 491 shares during the quarter. HubSpot accounts for 1.4% of Beck Bode LLC’s portfolio, making the stock its 29th largest position. Beck Bode LLC’s holdings in HubSpot were worth $3,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC purchased a new position in shares of HubSpot in the second quarter valued at $61,888,000. Vanguard Group Inc. raised its position in shares of HubSpot by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,143,177 shares of the software maker’s stock worth $706,494,000 after purchasing an additional 308,282 shares during the period. Janus Henderson Group PLC bought a new stake in shares of HubSpot in the 2nd quarter worth approximately $51,977,000. First Trust Advisors LP lifted its holdings in shares of HubSpot by 13.4% in the 2nd quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock worth $174,951,000 after purchasing an additional 121,162 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of HubSpot by 386.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 130,448 shares of the software maker’s stock worth $22,244,000 after purchasing an additional 103,648 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

Several research firms have commented on HUBS. ValuEngine cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Canaccord Genuity decreased their price target on HubSpot from $210.00 to $170.00 in a research note on Wednesday, November 6th. Morgan Stanley raised their price target on HubSpot from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Cowen set a $170.00 price objective on shares of HubSpot and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group cut their price objective on shares of HubSpot from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $195.11.

HUBS stock traded down $0.70 during trading hours on Tuesday, hitting $146.09. 13,457 shares of the stock traded hands, compared to its average volume of 692,723. The stock has a 50-day simple moving average of $151.12 and a 200 day simple moving average of $170.78. The company has a market cap of $6.29 billion, a P/E ratio of -143.14 and a beta of 1.60. HubSpot Inc has a one year low of $112.50 and a one year high of $207.98. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.89.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. HubSpot had a negative net margin of 8.68% and a negative return on equity of 5.74%. The firm had revenue of $173.62 million for the quarter, compared to analysts’ expectations of $168.82 million. During the same period in the previous year, the business earned $0.17 earnings per share. HubSpot’s revenue for the quarter was up 31.7% compared to the same quarter last year. Analysts forecast that HubSpot Inc will post -0.63 earnings per share for the current year.

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $162.94, for a total value of $1,384,990.00. Following the transaction, the chief executive officer now owns 733,697 shares of the company’s stock, valued at $119,548,589.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO J Donald Sherman sold 25,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.63, for a total value of $4,015,750.00. Following the sale, the chief operating officer now owns 111,540 shares of the company’s stock, valued at approximately $17,916,670.20. The disclosure for this sale can be found here. Insiders sold a total of 51,044 shares of company stock worth $8,151,153 in the last ninety days. Corporate insiders own 8.30% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

Further Reading: Green Investing

Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot Inc (NYSE:HUBS).

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

Leave a Reply

Your email address will not be published. Required fields are marked *

*