Advisors Asset Management Inc. bought a new position in HubSpot Inc (NYSE:HUBS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,357 shares of the software maker’s stock, valued at approximately $507,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC bought a new stake in HubSpot in the 3rd quarter valued at $213,000. MetLife Investment Advisors LLC grew its holdings in shares of HubSpot by 50.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock worth $3,735,000 after purchasing an additional 8,264 shares during the last quarter. Scge Management L.P. grew its holdings in shares of 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 last quarter. Pacer Advisors Inc. bought a new stake in shares of HubSpot in the 3rd quarter worth about $331,000. Finally, Paloma Partners Management Co grew its holdings in shares of HubSpot by 36.9% in the 3rd quarter. Paloma Partners Management Co now owns 3,009 shares of the software maker’s stock worth $454,000 after purchasing an additional 811 shares during the last quarter. 93.62% of the stock is currently owned by institutional investors and hedge funds.
HUBS has been the topic of a number of research analyst reports. Jefferies Financial Group started coverage on shares of HubSpot in a report on Tuesday, October 2nd. They set a “buy” rating and a $182.00 price objective on the stock. UBS Group started coverage on shares of HubSpot in a research report on Thursday, October 4th. They set a “buy” rating on the stock. Rosenblatt Securities started coverage on shares of HubSpot in a research report on Thursday, October 4th. They issued a “buy” rating and a $170.00 price target on the stock. Bank of America increased their price target on shares of HubSpot to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Finally, Morgan Stanley cut their price target on shares of HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. HubSpot has a consensus rating of “Buy” and an average target price of $152.82.
HubSpot stock traded down $1.41 during mid-day trading on Monday, hitting $150.13. 574,868 shares of the company’s stock traded hands, compared to its average volume of 572,087. HubSpot Inc has a fifty-two week low of $85.65 and a fifty-two week high of $162.20. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of -147.19 and a beta of 1.80. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. During the same period in the prior year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, equities analysts anticipate that HubSpot Inc will post -0.98 earnings per share for the current fiscal year.
In other HubSpot news, insider Hunter Madeley sold 1,199 shares of HubSpot stock in a transaction dated Monday, January 14th. The stock was sold at an average price of $137.13, for a total value of $164,418.87. Following the transaction, the insider now owns 35,526 shares in the company, valued at $4,871,680.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel John P. Kelleher sold 508 shares of HubSpot stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $140.95, for a total value of $71,602.60. Following the completion of the transaction, the general counsel now owns 37,460 shares in the company, valued at approximately $5,279,987. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,884 shares of company stock valued at $9,389,695. 9.60% of the stock is owned by insiders.
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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. 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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