Cooper Haims Advisors LLC bought a new stake in HubSpot Inc (NYSE:HUBS) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 11,815 shares of the software maker’s stock, valued at approximately $1,964,000. HubSpot makes up approximately 0.6% of Cooper Haims Advisors LLC’s portfolio, making the stock its 29th biggest holding.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its stake in shares of HubSpot by 10.3% in the 4th quarter. Advisor Group Inc. now owns 1,060 shares of the software maker’s stock valued at $133,000 after buying an additional 99 shares during the period. Ffcm LLC purchased a new position in shares of HubSpot in the 4th quarter valued at about $25,000. Harbour Capital Advisors LLC boosted its stake in shares of HubSpot by 1.7% in the 4th quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock valued at $1,513,000 after buying an additional 198 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of HubSpot by 13.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock valued at $218,000 after buying an additional 200 shares during the period. Finally, Executive Wealth Management LLC purchased a new position in shares of HubSpot in the 4th quarter valued at about $26,000. 96.78% of the stock is owned by institutional investors.
HUBS stock opened at $183.39 on Tuesday. The company has a market cap of $7.51 billion, a P/E ratio of -179.79 and a beta of 1.90. HubSpot Inc has a fifty-two week low of $104.10 and a fifty-two week high of $185.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01.
HubSpot (NYSE:HUBS) last posted its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The firm’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, sell-side analysts anticipate that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.
In other HubSpot news, insider Hunter Madeley sold 1,238 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $166.75, for a total value of $206,436.50. Following the completion of the sale, the insider now owns 38,892 shares in the company, valued at $6,485,241. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total value of $4,218,250.00. Following the completion of the sale, the chief executive officer now owns 777,390 shares of the company’s stock, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,895 shares of company stock valued at $14,671,594. 9.60% of the stock is owned by company insiders.
Several brokerages have recently issued reports on HUBS. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Monday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $198.00 price objective (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity lifted their price objective on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Deutsche Bank boosted their target price on HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, February 13th. Finally, Stifel Nicolaus boosted their target price on HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $175.69.
COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Finance Daily and is the sole property of of Finance Daily. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.fidaily.com/2019/04/30/cooper-haims-advisors-llc-buys-new-stake-in-hubspot-inc-hubs.html.
HubSpot Profile
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.
Recommended Story: How Do I Invest in Dividend Stocks
Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot Inc (NYSE:HUBS).
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.