Inverness Counsel LLC NY Cuts Stake in HubSpot Inc (NYSE:HUBS)


Inverness Counsel LLC NY trimmed its holdings in HubSpot Inc (NYSE:HUBS) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,123 shares of the software maker’s stock after selling 237 shares during the period. Inverness Counsel LLC NY’s holdings in HubSpot were worth $393,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HUBS. Raymond James & Associates raised its holdings in HubSpot by 4.0% during the second quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock worth $2,564,000 after purchasing an additional 782 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in HubSpot by 50.2% during the third quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock worth $3,735,000 after purchasing an additional 8,264 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in HubSpot during the third quarter worth about $452,000. Columbia Partners L.L.C. Investment Management raised its holdings in HubSpot by 43.9% during the third quarter. Columbia Partners L.L.C. Investment Management now owns 42,292 shares of the software maker’s stock worth $6,383,000 after purchasing an additional 12,912 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. raised its holdings in HubSpot by 30.3% during the third quarter. Rothschild & Co. Asset Management US Inc. now owns 19,820 shares of the software maker’s stock worth $2,992,000 after purchasing an additional 4,614 shares in the last quarter. 93.77% of the stock is owned by institutional investors and hedge funds.

In other news, Director Ronald S. Gill sold 4,140 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $132.54, for a total value of $548,715.60. Following the sale, the director now directly owns 18,214 shares in the company, valued at $2,414,083.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dharmesh Shah sold 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $125.50, for a total transaction of $3,388,500.00. The disclosure for this sale can be found here. Insiders sold 73,770 shares of company stock worth $9,404,275 over the last quarter. Company insiders own 9.60% of the company’s stock.

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Several research analysts recently issued reports on HUBS shares. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Oppenheimer increased their price target on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. UBS Group cut shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. Morgan Stanley cut their price target on shares of HubSpot from $148.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, October 23rd. Finally, Stephens initiated coverage on shares of HubSpot in a report on Thursday, January 17th. They set an “overweight” rating and a $191.00 price target for the company. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. HubSpot currently has an average rating of “Buy” and an average target price of $153.35.

HUBS stock opened at $163.78 on Wednesday. HubSpot Inc has a 12 month low of $85.65 and a 12 month high of $165.41. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.37). The business had revenue of $131.83 million during the quarter, compared to analyst estimates of $126.65 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. As a group, sell-side analysts anticipate that HubSpot Inc will post -0.97 earnings per share for the current 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. 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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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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