Welch & Forbes LLC lowered its stake in HubSpot Inc (NYSE:HUBS) by 15.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,706 shares of the software maker’s stock after selling 300 shares during the quarter. Welch & Forbes LLC’s holdings in HubSpot were worth $284,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of HUBS. Advisor Group Inc. raised its position in shares of HubSpot by 10.3% during the 4th quarter. Advisor Group Inc. now owns 1,060 shares of the software maker’s stock valued at $133,000 after purchasing an additional 99 shares during the period. Ffcm LLC purchased a new position in shares of HubSpot in the 4th quarter worth $25,000. Harbour Capital Advisors LLC grew its stake in shares of HubSpot by 1.7% in the 4th quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock worth $1,513,000 after buying an additional 198 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of HubSpot by 13.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock worth $218,000 after buying an additional 200 shares in the last quarter. Finally, Executive Wealth Management LLC purchased a new position in shares of HubSpot in the 4th quarter worth $26,000. Institutional investors own 91.28% of the company’s stock.
In other news, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were 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 of the company’s stock, valued at approximately $131,169,014.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hunter Madeley sold 1,005 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total transaction of $181,905.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,896 shares of company stock worth $14,700,297. 9.60% of the stock is owned by insiders.
A number of research firms recently commented on HUBS. Stephens began coverage on shares of HubSpot in a research note on Thursday, January 17th. They set an “overweight” rating and a $191.00 price target for the company. UBS Group lowered shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. CIBC reiterated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Guggenheim reiterated a “buy” rating on shares of HubSpot in a report on Wednesday, March 20th. Finally, Oppenheimer restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $178.29.
Shares of NYSE HUBS traded down $5.01 during trading hours on Tuesday, hitting $181.09. 5,801 shares of the stock were exchanged, compared to its average volume of 398,338. 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 firm has a market cap of $7.75 billion, a PE ratio of -177.56 and a beta of 1.91. HubSpot Inc has a 12 month low of $106.95 and a 12 month high of $186.96.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, equities research analysts anticipate that HubSpot Inc will post -1.1 earnings per share for the current fiscal year.
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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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