Charles Schwab Investment Management Inc. cut its stake in shares of HubSpot Inc (NYSE:HUBS) by 20.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,014 shares of the software maker’s stock after selling 62,402 shares during the period. Charles Schwab Investment Management Inc. owned 0.57% of HubSpot worth $40,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Oppenheimer Asset Management Inc. increased its position in shares of HubSpot by 3.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,098 shares of the software maker’s stock valued at $358,000 after purchasing an additional 66 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of HubSpot by 0.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 11,927 shares of the software maker’s stock worth $2,034,000 after purchasing an additional 112 shares during the period. Slow Capital Inc. boosted its stake in shares of HubSpot by 4.8% during the 2nd quarter. Slow Capital Inc. now owns 2,494 shares of the software maker’s stock worth $425,000 after purchasing an additional 115 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of HubSpot by 7.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,763 shares of the software maker’s stock worth $300,000 after purchasing an additional 125 shares during the period. Finally, FTB Advisors Inc. grew its holdings in HubSpot by 58.8% during the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.
Shares of HUBS stock opened at $175.77 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. The company has a market capitalization of $8.04 billion, a P/E ratio of -172.32 and a beta of 1.66. The company’s 50-day simple moving average is $188.99 and its two-hundred day simple moving average is $177.01. HubSpot Inc has a one year low of $108.39 and a one year high of $207.98.
HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Zacks’ 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 business had revenue of $163.30 million for the quarter, compared to analyst estimates of $157.26 million. During the same period last year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. On average, research analysts expect that HubSpot Inc will post -0.74 EPS for the current fiscal year.
In related news, COO J Donald Sherman sold 25,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $173.76, for a total value of $4,344,000.00. Following the completion of the sale, the chief operating officer now directly owns 114,008 shares of the company’s stock, valued at $19,810,030.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $177.65, for a total transaction of $1,510,025.00. Following the completion of the sale, the chief executive officer now directly owns 753,902 shares of the company’s stock, valued at $133,930,690.30. The disclosure for this sale can be found here. In the last three months, insiders sold 141,147 shares of company stock worth $25,137,197. 8.30% of the stock is owned by insiders.
A number of analysts recently weighed in on HUBS shares. Compass Point initiated coverage on shares of HubSpot in a research report on Tuesday, August 13th. They issued a “buy” rating and a $222.00 price objective on the stock. Cowen set a $170.00 target price on HubSpot and gave the company a “hold” rating in a research report on Wednesday, August 7th. UBS Group initiated coverage on HubSpot in a research report on Tuesday, August 13th. They set a “buy” rating for the company. Evercore ISI set a $175.00 target price on HubSpot and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Bank of America set a $215.00 price target on HubSpot and gave the stock a “buy” rating in a report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. HubSpot 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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