Empowered Funds LLC Sells 762 Shares of HubSpot, Inc. (NYSE:HUBS)

Empowered Funds LLC lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 48.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 808 shares of the software maker's stock after selling 762 shares during the period. Empowered Funds LLC's holdings in HubSpot were worth $430,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fred Alger Management LLC grew its stake in HubSpot by 516.2% in the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock valued at $96,307,000 after buying an additional 136,793 shares in the last quarter. International Assets Investment Management LLC grew its stake in HubSpot by 214,342.4% in 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 buying an additional 126,462 shares in the last quarter. Marshall Wace LLP grew its stake in HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock valued at $142,468,000 after buying an additional 113,555 shares in the last quarter. Dorsal Capital Management LP purchased a new position in HubSpot in the 2nd quarter valued at approximately $44,234,000. Finally, TimesSquare Capital Management LLC grew its stake in HubSpot by 49.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock valued at $110,489,000 after buying an additional 68,827 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In related news, insider Dawson Alyssa Harvey sold 573 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Performance

HubSpot stock traded down $10.79 during mid-day trading on Monday, hitting $731.82. The company's stock had a trading volume of 1,032,748 shares, compared to its average volume of 595,643. The business has a 50 day moving average price of $575.54 and a 200-day moving average price of $551.22. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results 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. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. Research analysts expect that HubSpot, Inc. will post 0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HUBS. JPMorgan Chase & Co. lifted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Evercore ISI raised their price target on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Raymond James cut their price target on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. BMO Capital Markets raised their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $672.68.

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.