Strs Ohio increased its position in shares of HubSpot Inc (NYSE:HUBS) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,100 shares of the software maker’s stock after purchasing an additional 300 shares during the quarter. Strs Ohio’s holdings in HubSpot were worth $766,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in HUBS. First Hawaiian Bank bought a new position in HubSpot during the 4th quarter worth approximately $43,000. DekaBank Deutsche Girozentrale lifted its stake 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 buying an additional 385 shares in the last quarter. American International Group Inc. lifted its stake in HubSpot by 1.8% in the third quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock valued at $3,631,000 after buying an additional 434 shares in the last quarter. Paloma Partners Management Co lifted its stake in HubSpot by 36.9% in the third quarter. Paloma Partners Management Co now owns 3,009 shares of the software maker’s stock valued at $454,000 after buying an additional 811 shares in the last quarter. Finally, Swiss National Bank lifted its stake in HubSpot by 1.4% in the third quarter. Swiss National Bank now owns 63,600 shares of the software maker’s stock valued at $9,600,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 95.01% of the company’s stock.
In other news, insider Dharmesh Shah sold 28,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $166.53, for a total value of $4,662,840.00. Following the completion of the transaction, the insider now owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald S. Gill sold 4,133 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $166.92, for a total value of $689,880.36. Following the completion of the transaction, the director now directly owns 18,207 shares of the company’s stock, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. Insiders sold 74,763 shares of company stock valued at $10,819,780 in the last three months. Company insiders own 9.60% of the company’s stock.
HUBS traded up $3.54 on Friday, hitting $171.92. 670,840 shares of the stock were exchanged, compared to its average volume of 673,127. HubSpot Inc has a 12 month low of $101.45 and a 12 month high of $180.00. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of -168.55 and a beta of 1.92.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data 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 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 analysts’ expectations of $137.48 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. HubSpot’s revenue was up 35.2% compared to the same quarter last year. Sell-side analysts anticipate that HubSpot Inc will post -1.09 EPS for the current fiscal year.
A number of brokerages have weighed in on HUBS. Deutsche Bank lifted their price target on shares of HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, February 13th. Bank of America boosted their price objective on shares of HubSpot from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Canaccord Genuity boosted their price objective 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. Raymond James boosted their price objective on shares of HubSpot from $155.00 to $181.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $198.00 price objective (up previously from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Nine investment 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $170.29.
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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. 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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