LPL Financial LLC lifted its stake in HubSpot Inc (NYSE:HUBS) by 121.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,577 shares of the software maker’s stock after acquiring an additional 4,706 shares during the period. LPL Financial LLC’s holdings in HubSpot were worth $1,078,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. CWM LLC acquired a new stake in HubSpot during the fourth quarter worth $40,000. First Hawaiian Bank acquired a new stake in HubSpot during the fourth quarter worth $43,000. DekaBank Deutsche Girozentrale boosted its stake in HubSpot by 85.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after buying an additional 385 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in HubSpot during the third quarter worth $160,000. Finally, Blair William & Co. IL acquired a new stake in HubSpot during the third quarter worth $211,000. Institutional investors and hedge funds own 95.74% of the company’s stock.
Shares of NYSE:HUBS opened at $166.91 on Friday. HubSpot Inc has a 52 week low of $101.45 and a 52 week high of $180.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $6.64 billion, a PE ratio of -163.64 and a beta of 1.91.
HubSpot (NYSE:HUBS) last issued its 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 company had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. During the same quarter in the previous year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, sell-side analysts forecast that HubSpot Inc will post -1.09 EPS for the current year.
In related news, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $137.86, for a total value of $570,740.40. Following the completion of the transaction, the director now directly owns 18,214 shares of the company’s stock, valued at $2,510,982.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hunter Madeley sold 1,138 shares of HubSpot stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $172.75, for a total value of $196,589.50. Following the completion of the transaction, the insider now directly owns 40,663 shares of the company’s stock, valued at $7,024,533.25. The disclosure for this sale can be found here. Insiders sold 71,643 shares of company stock valued at $10,482,822 over the last ninety days. 9.60% of the stock is currently owned by company insiders.
HUBS has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Monday, January 28th. Bank of America reiterated a “buy” rating and set a $185.00 price target (up previously from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. Needham & Company LLC reiterated a “buy” rating and set a $198.00 price target (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity lifted their price target on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Finally, Jefferies Financial Group lifted their price target on shares of HubSpot to $200.00 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, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $175.31.
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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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