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

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

A number of other large investors have also modified their holdings of the business. Blair William & Co. IL raised its stake in shares of HubSpot by 39.8% during the 2nd quarter. Blair William & Co. IL now owns 1,995 shares of the software maker’s stock worth $1,177,000 after buying an additional 568 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in HubSpot by 12.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,413 shares of the software maker’s stock valued at $3,193,000 after purchasing an additional 620 shares in the last quarter. Amalgamated Bank increased its stake in HubSpot by 3.6% in the 2nd quarter. Amalgamated Bank now owns 3,303 shares of the software maker’s stock valued at $1,948,000 after purchasing an additional 114 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in HubSpot by 12.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 752 shares of the software maker’s stock valued at $444,000 after purchasing an additional 82 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in HubSpot by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 77,292 shares of the software maker’s stock valued at $45,586,000 after purchasing an additional 6,138 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HUBS. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research note on Thursday, August 8th. Barclays dropped their price target on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Truist Financial reissued a “buy” rating and set a $600.00 price target (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Canaccord Genuity Group dropped their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America dropped their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other HubSpot news, CFO Kathryn Bueker sold 1,135 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $672,828.00. Following the transaction, the chief financial officer now owns 44,715 shares in the company, valued at $26,507,052. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Insiders sold a total of 38,012 shares of company stock valued at $21,300,253 over the last three months. Insiders own 4.50% of the company’s stock.

HubSpot Stock Down 0.6 %

Shares of HubSpot stock opened at $492.30 on Wednesday. The firm has a market cap of $25.09 billion, a P/E ratio of -185.77, a P/E/G ratio of 3,140.82 and a beta of 1.63. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The business has a 50-day moving average price of $487.73 and a 200 day moving average price of $567.89.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. HubSpot’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.17) earnings per share. As a group, equities research analysts anticipate that HubSpot, Inc. will post 0.01 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.