Mckinley Capital Management LLC Delaware purchased a new stake in shares of HubSpot Inc (NYSE:HUBS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 409 shares of the software maker’s stock, valued at approximately $51,000.
A number of other large investors also recently added to or reduced their stakes in HUBS. Capital Research Global Investors grew its holdings 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 purchasing an additional 1,181,611 shares during the period. TIAA CREF Investment Management LLC grew its holdings in HubSpot by 358.0% during the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after purchasing an additional 283,609 shares during the period. Vanguard Group Inc boosted its stake in shares of 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 acquiring an additional 95,762 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 95,762 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in shares of 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 acquiring an additional 86,846 shares during the period. 95.01% of the stock is owned by institutional investors and hedge funds.
In related news, Director Ronald S. Gill sold 4,133 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $166.92, for a total transaction 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 $3,039,112.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel John P. Kelleher sold 508 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total value of $70,378.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,763 shares of company stock valued at $10,819,780. 9.60% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on HUBS. Royal Bank of Canada upped their price objective on HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 8th. Stifel Nicolaus upped their price objective on HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research reaffirmed a “hold” rating on shares of HubSpot in a research note on Tuesday, November 13th. Oppenheimer reaffirmed a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Jefferies Financial Group upped their price objective on HubSpot to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $170.29.
Shares of HubSpot stock opened at $171.92 on Friday. HubSpot Inc has a 12 month low of $101.45 and a 12 month high of $180.00. The company has a market cap of $6.69 billion, a P/E ratio of -168.55 and a beta of 1.92. 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 announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 35.2% on a year-over-year basis. Research analysts predict that HubSpot Inc will post -1.09 earnings per share for the current 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. 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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