Beck Bode LLC Sells 382 Shares of HubSpot, Inc. (NYSE:HUBS)

Beck Bode LLC lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 28.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 983 shares of the software maker’s stock after selling 382 shares during the period. Beck Bode LLC’s holdings in HubSpot were worth $685,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HUBS. B.O.S.S. Retirement Advisors LLC bought a new position in shares of HubSpot in the fourth quarter valued at approximately $1,361,000. Oak Harvest Investment Services purchased a new stake in HubSpot in the 4th quarter valued at $2,065,000. Donoghue Forlines LLC bought a new position in HubSpot during the 4th quarter valued at $2,049,000. Mayflower Financial Advisors LLC purchased a new position in HubSpot during the 4th quarter worth $862,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of HubSpot by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock worth $2,262,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock valued at $18,401,757 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HUBS shares. Piper Sandler decreased their price objective on shares of HubSpot from $808.00 to $535.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Mizuho dropped their price objective on shares of HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Redburn Atlantic initiated coverage on HubSpot in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Macquarie began coverage on HubSpot in a research report on Monday, March 24th. They set an “outperform” rating and a $730.00 price target for the company. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $777.44.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $637.36 on Friday. The company has a market cap of $33.55 billion, a PE ratio of 7,082.56, a P/E/G ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock’s 50-day moving average is $592.37 and its 200 day moving average is $663.89.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot 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.