Oppenheimer Asset Management Inc. trimmed its holdings in HubSpot Inc (NYSE:HUBS) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,596 shares of the software maker’s stock after selling 68 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in HubSpot were worth $200,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HUBS. CWM LLC acquired a new position in HubSpot in the fourth quarter valued at approximately $40,000. First Hawaiian Bank acquired a new position in HubSpot in the fourth quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale boosted its holdings in HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares in the last quarter. Penserra Capital Management LLC acquired a new position in HubSpot in the third quarter valued at approximately $160,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in HubSpot in the third quarter valued at approximately $182,000. 93.19% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE HUBS opened at $166.09 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.15. HubSpot Inc has a 1-year low of $101.45 and a 1-year high of $180.00. The firm has a market cap of $6.58 billion, a P/E ratio of -162.83 and a beta of 1.92.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The firm had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same period last year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, sell-side analysts predict that HubSpot Inc will post -0.99 earnings per share for the current fiscal year.
In related news, CEO Brian Halligan sold 15,277 shares of the stock in a transaction on 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 directly owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel John P. Kelleher sold 389 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,763 shares of company stock valued at $6,156,940. Corporate insiders own 9.60% of the company’s stock.
Several research firms have recently weighed in on HUBS. Deutsche Bank increased their price objective on HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday. Bank of America increased their price objective on HubSpot from $185.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity increased their price objective on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James increased their price objective on HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $198.00 price objective (up from $145.00) on shares of HubSpot in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $170.29.
ILLEGAL ACTIVITY WARNING: “HubSpot Inc (HUBS) Shares Sold by Oppenheimer Asset Management Inc.” was first published by Fairfield Current and is the property of of Fairfield Current. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.fairfieldcurrent.com/news/2019/02/17/hubspot-inc-hubs-shares-sold-by-oppenheimer-asset-management-inc.html.
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.
Featured Story: What is cost of equity?
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.