Beck Bode LLC Cuts Stock Position in HubSpot, Inc. (NYSE:HUBS)

Beck Bode LLC lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,418 shares of the software maker’s stock after selling 87 shares during the quarter. Beck Bode LLC’s holdings in HubSpot were worth $1,984,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. purchased a new position in shares of HubSpot in the 4th quarter valued at $29,000. Venturi Wealth Management LLC increased its stake in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after buying an additional 47 shares during the period. Larson Financial Group LLC increased its stake in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after buying an additional 69 shares during the period. Alta Advisers Ltd purchased a new stake in HubSpot during the 3rd quarter worth $49,000. Finally, Hazlett Burt & Watson Inc. increased its stake in HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HUBS shares. Wells Fargo & Company lifted their price target on shares of HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted their price target on shares of HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. The Goldman Sachs Group lifted their price target on shares of HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 15th. Finally, Evercore ISI lifted their price target on shares of HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $642.36.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on 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 directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,874 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the completion of the sale, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at $46,898,542.08. The disclosure for this sale can be found here. Insiders sold 22,362 shares of company stock valued at $14,012,491 in the last ninety days. Company insiders own 4.90% of the company’s stock.

HubSpot Stock Performance

HubSpot stock traded down $31.12 during midday trading on Tuesday, reaching $605.04. 607,341 shares of the stock traded hands, compared to its average volume of 490,455. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $628.38 and a two-hundred day moving average price of $562.34. The firm has a market cap of $30.80 billion, a price-to-earnings ratio of -170.43 and a beta of 1.59. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. The firm had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. On average, equities research analysts forecast that HubSpot, Inc. will post -0.98 earnings per share for the current year.

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.