Columbia Partners L.L.C. Investment Management lifted its position in HubSpot Inc (NYSE:HUBS) by 43.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,292 shares of the software maker’s stock after acquiring an additional 12,912 shares during the quarter. HubSpot accounts for approximately 1.6% of Columbia Partners L.L.C. Investment Management’s holdings, making the stock its 15th largest position. Columbia Partners L.L.C. Investment Management owned 0.11% of HubSpot worth $6,383,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of HUBS. Flinton Capital Management LLC bought a new stake in shares of HubSpot in the 2nd quarter worth approximately $108,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after purchasing an additional 385 shares during the last quarter. Meadow Creek Investment Management LLC bought a new stake in shares of HubSpot in the 2nd quarter worth approximately $149,000. Penserra Capital Management LLC bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $160,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of HubSpot in the 2nd quarter worth approximately $161,000. Institutional investors own 93.62% of the company’s stock.
In other HubSpot news, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total value of $1,881,820.86. Following the transaction, the chief executive officer now owns 680,046 shares in the company, valued at $83,768,066.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lorrie M. Norrington sold 21,764 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $151.28, for a total value of $3,292,457.92. Following the completion of the transaction, the director now owns 1,511 shares in the company, valued at approximately $228,584.08. The disclosure for this sale can be found here. Insiders sold 95,282 shares of company stock worth $12,650,030 in the last 90 days. Corporate insiders own 9.60% of the company’s stock.
Several analysts recently issued reports on the company. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Wednesday, November 14th. Morgan Stanley lifted their target price on HubSpot from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Thursday, November 8th. Raymond James lifted their target price on HubSpot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Oppenheimer lifted their target price on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, Royal Bank of Canada lifted their target price on HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research note on Thursday, November 8th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $147.13.
Shares of HUBS stock traded down $0.76 on Tuesday, reaching $114.44. 306,272 shares of the company’s stock traded hands, compared to its average volume of 481,651. HubSpot Inc has a 12-month low of $85.65 and a 12-month high of $162.20. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of -112.20 and a beta of 1.91.
HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $131.83 million during the quarter, compared to analysts’ expectations of $126.65 million. During the same quarter last year, the firm earned $0.03 EPS. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, sell-side analysts predict that HubSpot Inc will post -0.98 EPS for the current year.
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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. 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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