Virtu Financial LLC cut its holdings in HubSpot Inc (NYSE:HUBS) by 17.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,422 shares of the software maker’s stock after selling 310 shares during the period. Virtu Financial LLC’s holdings in HubSpot were worth $236,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of HUBS. Ffcm LLC acquired a new stake in shares of HubSpot during the fourth quarter worth approximately $25,000. Executive Wealth Management LLC bought a new stake in shares of HubSpot during the fourth quarter valued at approximately $26,000. Sageworth Trust Co bought a new stake in shares of HubSpot during the first quarter valued at approximately $38,000. CWM LLC bought a new stake in shares of HubSpot during the fourth quarter valued at approximately $40,000. Finally, First Hawaiian Bank bought a new stake in shares of HubSpot during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Several research firms have recently commented on HUBS. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Monday, January 28th. Piper Jaffray Companies raised their price objective on shares of HubSpot from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price objective (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity raised their price objective on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Finally, Deutsche Bank lifted their price target 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. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot presently has an average rating of “Buy” and a consensus price target of $177.12.
Shares of HUBS stock opened at $184.36 on Friday. 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 Inc has a 1 year low of $106.65 and a 1 year high of $186.96. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of -180.75 and a beta of 1.91.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $137.48 million. During the same period in the previous year, the business earned $0.12 EPS. The company’s revenue was up 35.2% compared to the same quarter last year. Research analysts expect that HubSpot Inc will post -1.1 EPS for the current year.
In other news, General Counsel John P. Kelleher sold 389 shares of HubSpot stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $160.54, for a total value of $62,450.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the sale, the chief executive officer now directly owns 777,390 shares of the company’s stock, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. Insiders sold a total of 89,290 shares of company stock worth $14,924,089 over the last quarter. Company insiders own 9.60% of the company’s stock.
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HubSpot 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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