HubSpot, Inc. $HUBS Shares Sold by Diker Management LLC

Key Points

• Diker Management LLC significantly reduced its stake in HubSpot, Inc. by 75%, selling 6,000 shares to hold only 2,000 shares, valued at $1,143,000.
• HubSpot reported earnings per share of $2.19 for the last quarter, surpassing expectations and showing a 19.4% year-over-year revenue increase.
• The stock has a current market value of $26.23 billion, with institutional investors holding approximately 90.39% of the shares.

Diker Management LLC reduced its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 75.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,000 shares of the software maker's stock after selling 6,000 shares during the period. HubSpot accounts for about 1.4% of Diker Management LLC's investment portfolio, making the stock its 7th biggest holding. Diker Management LLC's holdings in HubSpot were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after acquiring an additional 201,994 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock valued at $2,805,070,000 after buying an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after buying an additional 251,853 shares during the last quarter. Groupama Asset Managment raised its holdings in shares of HubSpot by 0.8% during the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker's stock valued at $418,514,000 after buying an additional 5,779 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of HubSpot by 16.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker's stock valued at $378,163,000 after buying an additional 94,481 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $4.38 during trading on Wednesday, hitting $497.91. The company had a trading volume of 49,081 shares, compared to its average volume of 740,668. The business's 50-day moving average is $501.87 and its 200 day moving average is $564.53. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13. The company has a market cap of $26.23 billion, a P/E ratio of -2,193.45, a PEG ratio of 17.17 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. During the same period in the previous year, the business earned $1.94 EPS. The company's revenue was up 19.4% on a year-over-year basis. On average, research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at $35,269,313.22. The trade was a 3.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the sale, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,498 shares of company stock valued at $14,752,256 in the last three months. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HUBS. Macquarie cut their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Cantor Fitzgerald assumed coverage on HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 target price for the company. Needham & Company LLC restated a "buy" rating and issued a $900.00 target price on shares of HubSpot in a research report on Thursday, September 4th. KeyCorp cut their target price on HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Finally, Stifel Nicolaus cut their target price on HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $722.93.

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.