Virginia Retirement Systems ET AL acquired a new stake in HubSpot Inc (NYSE:HUBS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,500 shares of the software maker’s stock, valued at approximately $943,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC acquired a new position in HubSpot in the fourth quarter valued at $40,000. First Hawaiian Bank acquired a new position in HubSpot in the fourth quarter valued at $43,000. DekaBank Deutsche Girozentrale boosted its stake in HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after acquiring an additional 385 shares in the last quarter. Penserra Capital Management LLC acquired a new position in HubSpot in the third quarter valued at $160,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in HubSpot in the third quarter valued at $182,000. Institutional investors own 95.01% of the company’s stock.
HUBS has been the subject of several recent research reports. Stephens initiated coverage on shares of HubSpot in a research note on Thursday, January 17th. They set an “overweight” rating and a $191.00 target price for the company. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. UBS Group reiterated a “hold” rating on shares of HubSpot in a research note on Wednesday, February 13th. Royal Bank of Canada increased their target price on shares of HubSpot to $167.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Finally, Canaccord Genuity increased their target price on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $170.29.
In related news, General Counsel John P. Kelleher sold 508 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total transaction of $70,378.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dharmesh Shah sold 28,000 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the transaction, the insider now directly owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The disclosure for this sale can be found here. Insiders have sold 74,763 shares of company stock valued at $10,819,780 over the last three months. 9.60% of the stock is currently owned by corporate insiders.
NYSE HUBS opened at $168.38 on Friday. The stock has a market cap of $6.71 billion, a P/E ratio of -165.08 and a beta of 1.92. HubSpot Inc has a 52-week low of $101.45 and a 52-week high of $180.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. As a group, sell-side analysts predict that HubSpot Inc will post -1.09 EPS for the current fiscal year.
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HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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