Banco Santander S.A. purchased a new position in HubSpot Inc (NYSE:HUBS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,857 shares of the software maker’s stock, valued at approximately $317,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC acquired a new stake in shares of HubSpot during the second quarter worth about $51,977,000. First Trust Advisors LP raised its position in HubSpot by 13.4% during the second quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock valued at $174,951,000 after acquiring an additional 121,162 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in HubSpot by 357.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 115,927 shares of the software maker’s stock valued at $19,268,000 after acquiring an additional 90,590 shares in the last quarter. Spark Investment Management LLC raised its position in HubSpot by 115.6% during the first quarter. Spark Investment Management LLC now owns 161,700 shares of the software maker’s stock valued at $26,876,000 after acquiring an additional 86,700 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in HubSpot by 44.2% during the first quarter. Federated Investors Inc. PA now owns 167,879 shares of the software maker’s stock valued at $27,903,000 after acquiring an additional 51,446 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $191.99, for a total value of $1,631,915.00. Following the transaction, the chief executive officer now owns 743,404 shares in the company, valued at $142,726,133.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,306 shares of HubSpot stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total value of $228,092.90. Following the completion of the transaction, the chief financial officer now owns 39,520 shares in the company, valued at approximately $6,902,168. The disclosure for this sale can be found here. Insiders have sold 141,147 shares of company stock valued at $25,137,197 in the last three months. 8.30% of the stock is currently owned by company insiders.
HUBS has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded HubSpot from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $187.00 to $230.00 in a research report on Thursday. They noted that the move was a valuation call. Goldman Sachs Group initiated coverage on HubSpot in a research report on Friday, June 7th. They issued a “buy” rating and a $223.00 price objective for the company. Morgan Stanley boosted their price objective on HubSpot from $175.00 to $186.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on HubSpot from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Evercore ISI set a $175.00 price objective on HubSpot and gave the company a “hold” rating in a research report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. HubSpot currently has a consensus rating of “Buy” and a consensus price target of $194.38.
Shares of HUBS traded down $2.79 during mid-day trading on Friday, hitting $193.33. The company’s stock had a trading volume of 17,363 shares, compared to its average volume of 479,076. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.91. The firm has a 50-day simple moving average of $188.59 and a 200 day simple moving average of $176.60. The firm has a market capitalization of $8.45 billion, a P/E ratio of -189.53 and a beta of 1.67. HubSpot Inc has a 1-year low of $108.39 and a 1-year high of $207.98.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.07. The firm had revenue of $163.30 million during the quarter, compared to the consensus estimate of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. HubSpot’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. As a group, sell-side analysts predict that HubSpot Inc will post -0.74 EPS for the current fiscal year.
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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