NJ State Employees Deferred Compensation Plan cut its stake in shares of HubSpot Inc (NYSE:HUBS) by 50.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,000 shares of the software maker’s stock after selling 2,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in HubSpot were worth $332,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Ffcm LLC purchased a new position in shares of HubSpot during the fourth quarter worth approximately $25,000. Executive Wealth Management LLC purchased a new position in shares of HubSpot during the fourth quarter worth approximately $26,000. Sageworth Trust Co purchased a new position in shares of HubSpot during the first quarter worth approximately $38,000. CWM LLC purchased a new position in shares of HubSpot during the fourth quarter worth approximately $40,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of HubSpot during the first quarter worth approximately $53,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on HUBS shares. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Monday, January 28th. Bank of America reaffirmed a “buy” rating and set a $185.00 target price (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 target price (up from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Canaccord Genuity raised their target price on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Finally, Jefferies Financial Group raised their target price on shares of HubSpot to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $177.12.
Shares of HUBS stock opened at $184.36 on Friday. The company has a market cap of $7.75 billion, a P/E ratio of -180.75 and a beta of 1.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. HubSpot Inc has a 52-week low of $106.65 and a 52-week high of $186.96.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The company had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Sell-side analysts anticipate that HubSpot Inc will post -1.1 earnings per share for the current fiscal year.
In related news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the transaction, the chief executive officer now directly owns 777,390 shares of the company’s stock, valued at $131,169,014.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel John P. Kelleher sold 389 shares of HubSpot stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $160.54, for a total transaction of $62,450.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,290 shares of company stock worth $14,924,089. 9.60% of the stock is currently owned by corporate insiders.
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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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