Federation des caisses Desjardins du Quebec Sells 1,018 Shares of HubSpot, Inc. $HUBS

Key Points

• Federation des caisses Desjardins du Quebec sold 1,018 shares of HubSpot, Inc., reducing its stake by 17% in the first quarter, leaving them with 4,969 shares valued at approximately $2.84 million.
• Insider trading included CFO Kathryn Bueker selling 615 shares for about $339,350, while Director Brian Halligan sold 8,500 shares worth $3.82 million.
• HubSpot reported earnings of $2.19 per share for the last quarter, surpassing expectations, with revenues of $760.87 million, reflecting a 19.4% year-over-year increase.

Federation des caisses Desjardins du Quebec decreased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,969 shares of the software maker's stock after selling 1,018 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in HubSpot were worth $2,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HUBS. Price T Rowe Associates Inc. MD raised its position 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 worth $2,805,070,000 after purchasing an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA raised its position in 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 period. Vanguard Group Inc. raised its position in HubSpot by 4.0% during 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 buying an additional 201,994 shares during the period. GAMMA Investing LLC increased its position in HubSpot by 80,552.5% in the 1st quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock worth $1,018,280,000 after purchasing an additional 178,021 shares during the last quarter. Finally, Nuveen LLC acquired a new position in HubSpot in the 1st quarter worth about $99,963,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on HUBS. BMO Capital Markets dropped their target price on HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Stifel Nicolaus dropped their target price on HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. KeyCorp dropped their target price on HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, UBS Group reiterated an "outperform" rating on shares of HubSpot in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus price target of $722.93.

HubSpot Trading Down 2.5%

NYSE:HUBS traded down $12.32 during mid-day trading on Wednesday, hitting $489.97. 519,526 shares of the company's stock traded hands, compared to its average volume of 743,487. The firm has a 50 day moving average of $501.87 and a two-hundred day moving average of $564.53. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The firm has a market capitalization of $25.82 billion, a price-to-earnings ratio of -2,130.30, a price-to-earnings-growth 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 for the quarter, beating the consensus estimate of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same quarter in the prior year, the company earned $1.94 EPS. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the sale, the chief executive officer owned 63,918 shares in the company, valued at $35,269,313.22. This represents 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 link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the sale, the director owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,498 shares of company stock worth $14,752,256 in the last 90 days. 4.00% of the stock is owned by company insiders.

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.