HubSpot, Inc. (NYSE:HUBS) Shares Sold by Taconic Capital Advisors LP

Taconic Capital Advisors LP lessened its position in HubSpot, Inc. (NYSE:HUBS) by 85.6% in the 3rd quarter, Holdings Channel reports. The fund owned 4,197 shares of the software maker’s stock after selling 25,000 shares during the period. HubSpot accounts for approximately 1.2% of Taconic Capital Advisors LP’s holdings, making the stock its 11th biggest position. Taconic Capital Advisors LP’s holdings in HubSpot were worth $2,231,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HUBS. Fred Alger Management LLC lifted its stake in shares of HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after purchasing an additional 136,793 shares during the period. International Assets Investment Management LLC increased its holdings in HubSpot by 214,342.4% during the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after acquiring an additional 126,462 shares in the last quarter. Marshall Wace LLP increased its holdings in HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after acquiring an additional 113,555 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after acquiring an additional 86,688 shares in the last quarter. Finally, Dorsal Capital Management LP purchased a new position in HubSpot during the 2nd quarter valued at about $44,234,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Down 1.0 %

HubSpot stock opened at $722.76 on Friday. The stock has a 50-day simple moving average of $593.23 and a 200 day simple moving average of $555.52. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $754.56.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. Sell-side analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

HUBS has been the subject of several recent research reports. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a report on Thursday, August 8th. Citigroup lowered their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. BMO Capital Markets lifted their price target on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price target on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $672.68.

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.