Advisor Group Inc. reduced its position in shares of HubSpot Inc (NYSE:HUBS) by 5.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 960 shares of the software maker’s stock after selling 59 shares during the quarter. Advisor Group Inc.’s holdings in HubSpot were worth $163,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new stake in shares of HubSpot during the 2nd quarter valued at about $34,000. Contravisory Investment Management Inc. purchased a new stake in shares of HubSpot during the 2nd quarter valued at about $115,000. Comerica Bank purchased a new stake in shares of HubSpot during the 1st quarter valued at about $203,000. AE Wealth Management LLC purchased a new stake in shares of HubSpot during the 2nd quarter valued at about $212,000. Finally, World Asset Management Inc purchased a new stake in shares of HubSpot during the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 91.86% of the company’s stock.
Shares of HUBS opened at $189.16 on Friday. The company’s fifty day moving average is $188.80 and its 200 day moving average is $176.73. HubSpot Inc has a fifty-two week low of $108.39 and a fifty-two week high of $207.98. The stock has a market capitalization of $8.04 billion, a PE ratio of -185.45 and a beta of 1.67. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.07. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The company had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $157.26 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. HubSpot’s quarterly revenue was up 33.2% on a year-over-year basis. As a group, research analysts forecast that HubSpot Inc will post -0.74 earnings per share for the current year.
In other HubSpot news, insider Hunter Madeley sold 1,008 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total transaction of $176,047.20. Following the transaction, the insider now owns 33,817 shares in the company, valued at $5,906,139.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dharmesh Shah sold 29,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $182.30, for a total transaction of $5,286,700.00. Following the transaction, the insider now owns 1,498,433 shares in the company, valued at approximately $273,164,335.90. The disclosure for this sale can be found here. Insiders have sold 141,147 shares of company stock worth $25,137,197 in the last quarter. Company insiders own 8.30% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Compass Point assumed coverage on shares of HubSpot in a report on Tuesday, August 13th. They issued a “buy” rating and a $222.00 price objective on the stock. Goldman Sachs Group assumed coverage on shares of HubSpot in a report on Friday, June 7th. They issued a “buy” rating and a $223.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of HubSpot in a report on Wednesday. Bank of America set a $215.00 price objective on shares of HubSpot and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group assumed coverage on shares of HubSpot in a report on Tuesday, August 13th. They issued a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $196.60.
About HubSpot
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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