361 Capital LLC lifted its stake in shares of HubSpot Inc (NYSE:HUBS) by 29.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,371 shares of the software maker’s stock after acquiring an additional 4,166 shares during the period. 361 Capital LLC’s holdings in HubSpot were worth $2,310,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after acquiring an additional 95,762 shares during the last quarter. Vanguard Group Inc raised its position in HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after purchasing an additional 95,762 shares during the period. Capital Research Global Investors raised its position in HubSpot by 164.5% in the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after purchasing an additional 1,181,611 shares during the period. Jennison Associates LLC raised its position in HubSpot by 2.2% in the 4th quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock worth $121,172,000 after purchasing an additional 20,323 shares during the period. Finally, Scge Management L.P. raised its position in HubSpot by 10.4% in the 3rd quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock worth $132,632,000 after purchasing an additional 83,000 shares during the period. 95.74% of the stock is owned by institutional investors.
In related news, insider J Donald Sherman sold 15,000 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $127.08, for a total transaction of $1,906,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the transaction, the chief executive officer now owns 680,046 shares in the company, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders have sold 71,643 shares of company stock worth $10,482,822 in the last quarter. 9.60% of the stock is owned by corporate insiders.
Shares of HUBS stock traded down $1.35 during mid-day trading on Friday, reaching $166.91. The stock had a trading volume of 702,715 shares, compared to its average volume of 648,102. HubSpot Inc has a 52-week low of $101.45 and a 52-week high of $180.00. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of -163.64 and a beta of 1.91. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. Equities analysts predict that HubSpot Inc will post -1.09 EPS for the current year.
A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Monday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $198.00 target price (up previously from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Canaccord Genuity lifted their target price on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Deutsche Bank lifted their target price on shares of HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, February 13th. Finally, Stifel Nicolaus lifted their target price on shares of HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $175.31.
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HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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