Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of HubSpot Inc (NYSE:HUBS) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,135 shares of the software maker’s stock after purchasing an additional 1,195 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in HubSpot were worth $2,682,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in HUBS. Dimensional Fund Advisors LP increased its stake in HubSpot by 11.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 61,990 shares of the software maker’s stock worth $9,357,000 after buying an additional 6,320 shares during the period. Advisors Asset Management Inc. purchased a new stake in HubSpot during the 3rd quarter worth $507,000. AQR Capital Management LLC increased its stake in HubSpot by 32.7% during the 3rd quarter. AQR Capital Management LLC now owns 19,407 shares of the software maker’s stock worth $2,929,000 after buying an additional 4,781 shares during the period. Neuberger Berman Group LLC increased its stake in HubSpot by 35.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 11,130 shares of the software maker’s stock worth $1,680,000 after buying an additional 2,900 shares during the period. Finally, Teachers Advisors LLC increased its stake in HubSpot by 30.6% during the 3rd quarter. Teachers Advisors LLC now owns 239,428 shares of the software maker’s stock worth $36,142,000 after buying an additional 56,112 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.
In other news, General Counsel John P. Kelleher sold 390 shares of HubSpot stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total value of $70,590.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hunter Madeley sold 1,005 shares of HubSpot stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $160.54, for a total transaction of $161,342.70. The disclosure for this sale can be found here. Insiders sold a total of 89,290 shares of company stock valued at $14,924,089 over the last ninety days. Company insiders own 9.60% of the company’s stock.
NYSE HUBS opened at $184.36 on Friday. HubSpot Inc has a one year low of $106.65 and a one year high of $186.96. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The business had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. During the same period in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 35.2% on a year-over-year basis. As a group, analysts anticipate that HubSpot Inc will post -1.1 EPS for the current fiscal year.
HUBS has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Stephens initiated coverage on shares of HubSpot in a research report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price for the company. Bank of America reissued a “buy” rating and issued a $185.00 target price (up previously from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. UBS Group downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 24th. Finally, Oppenheimer reissued a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. HubSpot presently has a consensus rating of “Buy” and a consensus target price of $177.12.
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HubSpot Company 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.
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