State Board of Administration of Florida Retirement System trimmed its position in HubSpot Inc (NYSE:HUBS) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,510 shares of the software maker’s stock after selling 271 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in HubSpot were worth $2,453,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of HUBS. Legal & General Group Plc raised its position in HubSpot by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock valued at $2,007,000 after buying an additional 904 shares during the last quarter. MetLife Investment Advisors LLC increased its position in shares of HubSpot by 50.2% during the 3rd 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 during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of HubSpot during the 3rd quarter worth approximately $452,000. Columbia Partners L.L.C. Investment Management increased its position in shares of HubSpot by 43.9% during the 3rd 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 during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. increased its position in shares of HubSpot by 30.3% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 95.01% of the company’s stock.
Shares of HUBS opened at $170.04 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market cap of $6.69 billion, a P/E ratio of -166.71 and a beta of 1.92. HubSpot Inc has a 12 month low of $101.45 and a 12 month high of $180.00.
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 return on equity of 17.08% and a negative net margin of 12.44%. The business had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, equities research analysts predict that HubSpot Inc will post -1.09 EPS for the current year.
In related news, insider Dharmesh Shah sold 28,000 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the transaction, the insider now owns 1,545,145 shares in the company, valued at approximately $257,312,996.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel John P. Kelleher sold 508 shares of the business’s stock in a transaction dated 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. Insiders have sold 74,763 shares of company stock valued at $10,819,780 in the last three months. 9.60% of the stock is owned by corporate insiders.
Several research analysts have recently commented on HUBS shares. Royal Bank of Canada lifted their target price 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 boosted their price target on HubSpot from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research restated a “hold” rating on shares of HubSpot in a research note on Tuesday, November 13th. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Finally, Jefferies Financial Group upped their target price on HubSpot to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $170.29.
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About HubSpot
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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