Lee Capital Asset Management LLC purchased a new position in shares of HubSpot Inc (NYSE:HUBS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,200 shares of the software maker’s stock, valued at approximately $4,979,000. HubSpot makes up about 6.5% of Lee Capital Asset Management LLC’s holdings, making the stock its 6th largest holding. Lee Capital Asset Management LLC owned 0.07% of HubSpot as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of HubSpot in the second quarter valued at about $34,000. Capital Investment Advisory Services LLC purchased a new stake in shares of HubSpot in the second quarter valued at about $36,000. Pearl River Capital LLC purchased a new stake in shares of HubSpot in the second quarter valued at about $48,000. FTB Advisors Inc. grew its holdings in shares of HubSpot by 58.8% in the second quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after purchasing an additional 130 shares during the period. Finally, CSat Investment Advisory L.P. purchased a new stake in shares of HubSpot in the second quarter valued at about $66,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of HubSpot from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Royal Bank of Canada raised shares of HubSpot from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $187.00 to $230.00 in a report on Thursday, September 5th. They noted that the move was a valuation call. Cowen set a $170.00 price objective on shares of HubSpot and gave the company a “hold” rating in a report on Wednesday, August 7th. Raymond James upped their price objective on shares of HubSpot from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Finally, Goldman Sachs Group assumed coverage on shares of HubSpot in a report on Friday, June 7th. They issued a “buy” rating and a $223.00 price objective for the company. Eight analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $196.60.
In other HubSpot news, insider Hunter Madeley sold 1,008 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total transaction of $176,047.20. Following the sale, the insider now directly owns 33,817 shares in the company, valued at approximately $5,906,139.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dharmesh Shah sold 29,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $182.30, for a total transaction of $5,286,700.00. Following the sale, the insider now owns 1,498,433 shares in the company, valued at $273,164,335.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,147 shares of company stock worth $20,668,162. 8.30% of the stock is currently owned by insiders.
Shares of NYSE HUBS traded down $0.14 during midday trading on Monday, hitting $160.22. The company’s stock had a trading volume of 3,480 shares, compared to its average volume of 590,379. The business’s fifty day simple moving average is $185.20 and its two-hundred day simple moving average is $176.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. HubSpot Inc has a 1 year low of $108.39 and a 1 year high of $207.98. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of -157.04 and a beta of 1.67.
HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $157.26 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was up 33.2% compared to the same quarter last year. Analysts anticipate that HubSpot Inc will post -0.74 EPS for the current fiscal year.
HubSpot Company 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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