Metropolitan Life Insurance Co. NY increased its stake in HubSpot Inc (NYSE:HUBS) by 361.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,767 shares of the software maker’s stock after acquiring an additional 9,219 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in HubSpot were worth $1,479,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of HUBS. Capital Research Global Investors boosted its stake in HubSpot by 164.5% in the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after purchasing an additional 1,181,611 shares during the period. 1832 Asset Management L.P. lifted its position in HubSpot by 2,435.9% in the 4th quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after buying an additional 372,700 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in HubSpot by 358.0% in the 3rd 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. North Peak Capital Management LLC purchased a new stake in HubSpot in the 4th quarter worth approximately $15,397,000. Finally, Polar Capital LLP lifted its position in HubSpot by 51.4% in the 4th quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after buying an additional 104,956 shares in the last quarter. Institutional investors and hedge funds own 96.77% of the company’s stock.
A number of research analysts have recently weighed in on HUBS shares. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Monday, January 28th. Bank of America restated a “buy” rating and issued a $185.00 price target (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. Needham & Company LLC restated a “buy” rating and issued a $198.00 price target (up from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Canaccord Genuity raised their price target on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Finally, Jefferies Financial Group lifted their price target on shares of HubSpot to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $175.31.
HubSpot stock opened at $167.41 on Friday. The company has a market capitalization of $6.54 billion, a PE ratio of -164.13 and a beta of 1.90. HubSpot Inc has a twelve month low of $101.45 and a twelve month high of $180.00. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The company had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. As a group, equities research analysts predict that HubSpot Inc will post -1.09 EPS for the current fiscal year.
In other news, Director Ronald S. Gill sold 4,133 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $166.92, for a total value of $689,880.36. Following 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hunter Madeley sold 1,199 shares of the stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $137.13, for a total transaction of $164,418.87. Following the completion of the transaction, the insider now directly owns 35,526 shares in the company, valued at $4,871,680.38. The disclosure for this sale can be found here. Insiders have sold 89,094 shares of company stock worth $14,836,013 over the last ninety days. Insiders own 9.60% of the company’s stock.
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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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