Several other large investors have also made changes to their positions in HUBS. Capital Research Global Investors increased its position in HubSpot by 164.5% during the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after acquiring an additional 1,181,611 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in HubSpot by 358.0% in the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after buying an additional 283,609 shares in the last quarter. Vanguard Group Inc increased its position in HubSpot by 3.1% in the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after buying an additional 95,762 shares in the last quarter. Vanguard Group Inc. increased its position in HubSpot by 3.1% in the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after buying an additional 95,762 shares in the last quarter. Finally, Federated Investors Inc. PA increased its position in HubSpot by 307.1% in the third quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock worth $17,379,000 after buying an additional 86,846 shares in the last quarter. 96.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have commented on HUBS shares. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Monday, February 4th. Canaccord Genuity upped their price objective on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Raymond James upped their price objective on HubSpot from $155.00 to $181.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price objective (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Finally, Royal Bank of Canada upped their price objective on HubSpot to $167.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $175.31.
In other news, CEO Brian Halligan sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total value of $4,218,250.00. Following the sale, the chief executive officer now directly owns 777,390 shares in the company, valued at $131,169,014.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel John P. Kelleher sold 389 shares of the stock in a transaction that occurred 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 quarter, insiders sold 91,366 shares of company stock worth $15,052,552. Company insiders own 9.60% of the company’s stock.
Shares of NYSE:HUBS traded up $2.79 during trading on Friday, hitting $166.21. The company had a trading volume of 512,363 shares, compared to its average volume of 515,527. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of -162.95 and a beta of 1.91. HubSpot Inc has a one year low of $101.45 and a one year high of $180.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. During the same period last year, the company earned $0.12 EPS. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. As a group, analysts expect that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.
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HubSpot 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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