Norris Perne & French LLP MI trimmed its stake in shares of HubSpot Inc (NYSE:HUBS) by 12.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 51,200 shares of the software maker’s stock after selling 7,159 shares during the quarter. Norris Perne & French LLP MI owned about 0.12% of HubSpot worth $8,510,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of HubSpot by 11.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,990 shares of the software maker’s stock worth $9,357,000 after purchasing an additional 6,320 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in HubSpot in the 3rd quarter worth $331,000. Advisors Asset Management Inc. purchased a new position in shares of HubSpot during the third quarter valued at about $507,000. AQR Capital Management LLC grew its position in shares of HubSpot by 32.7% during the third quarter. AQR Capital Management LLC now owns 19,407 shares of the software maker’s stock valued at $2,929,000 after purchasing an additional 4,781 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of HubSpot by 30.6% during the third quarter. Glenmede Trust Co. NA now owns 6,508 shares of the software maker’s stock valued at $981,000 after purchasing an additional 1,525 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
In other news, insider Hunter Madeley sold 1,005 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total value of $181,905.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John P. Kelleher sold 390 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $172.75, for a total transaction of $67,372.50. Following the completion of the sale, the general counsel now owns 44,735 shares of the company’s stock, valued at approximately $7,727,971.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,896 shares of company stock worth $14,700,297. Insiders own 9.60% of the company’s stock.
HUBS has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Deutsche Bank started coverage on shares of HubSpot in a research note on Friday, January 25th. They set a “hold” rating and a $150.00 price target for the company. Bank of America reaffirmed a “buy” rating and set a $185.00 price target (up previously from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. CIBC reissued a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price target (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $177.12.
Shares of HUBS stock traded up $0.51 during trading hours on Monday, hitting $184.87. The company had a trading volume of 10,225 shares, compared to its average volume of 404,147. The firm has a market cap of $7.71 billion, a P/E ratio of -178.99 and a beta of 1.91. HubSpot Inc has a fifty-two week low of $106.65 and a fifty-two week high of $186.96. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01.
HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $137.48 million. During the same period in the prior year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. As a group, research analysts predict that HubSpot Inc will post -1.1 EPS for the current fiscal 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. 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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