Empowered Funds LLC trimmed its holdings in shares of HubSpot Inc (NYSE:HUBS) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,180 shares of the software maker’s stock after selling 1,493 shares during the period. Empowered Funds LLC’s holdings in HubSpot were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of HUBS. First Hawaiian Bank acquired a new position in HubSpot during the fourth quarter valued at $43,000. DekaBank Deutsche Girozentrale raised its position in HubSpot by 85.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after buying an additional 385 shares during the period. Penserra Capital Management LLC acquired a new position in HubSpot during the third quarter valued at $160,000. Global X Management Co LLC acquired a new position in HubSpot during the second quarter valued at $172,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in HubSpot during the third quarter valued at $182,000. 93.64% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. UBS Group assumed coverage on HubSpot in a research report on Thursday, October 4th. They set a “buy” rating on the stock. Morgan Stanley lowered their target price on HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 23rd. Stephens assumed coverage on HubSpot in a research note on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price on the stock. Royal Bank of Canada boosted 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. Finally, Bank of America boosted their target price on HubSpot to $160.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $150.69.
In other news, CEO Brian Halligan sold 15,277 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the completion of the sale, the chief executive officer now owns 680,046 shares in the company, valued at approximately $83,768,066.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald S. Gill sold 4,140 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $132.54, for a total value of $548,715.60. Following the sale, the director now owns 18,214 shares of the company’s stock, valued at approximately $2,414,083.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,884 shares of company stock valued at $9,389,695. 9.60% of the stock is currently owned by corporate insiders.
NYSE HUBS traded down $3.43 on Tuesday, reaching $151.84. The stock had a trading volume of 624,700 shares, compared to its average volume of 560,671. 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 Inc has a 1 year low of $85.65 and a 1 year high of $162.20. The company has a market capitalization of $6.09 billion, a P/E ratio of -148.86 and a beta of 1.80.
HubSpot (NYSE:HUBS) last released 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). The company had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 EPS. On average, equities analysts anticipate that HubSpot Inc will post -0.98 EPS for the current year.
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About HubSpot
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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