Strs Ohio raised its stake in shares of HubSpot Inc (NYSE:HUBS) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,100 shares of the software maker’s stock after acquiring an additional 300 shares during the quarter. Strs Ohio’s holdings in HubSpot were worth $766,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of HUBS. Capital Research Global Investors increased its position in shares of HubSpot by 164.5% during 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 last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of HubSpot by 358.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after acquiring an additional 283,609 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of HubSpot by 3.1% during the 3rd 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 last quarter. Vanguard Group Inc. increased its holdings in shares of HubSpot by 3.1% during the 3rd 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 last quarter. Finally, Federated Investors Inc. PA increased its holdings in shares of HubSpot by 307.1% during the 3rd 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 last quarter. 95.01% of the stock is owned by institutional investors.
Shares of HUBS stock opened at $165.27 on Friday. The stock has a market capitalization of $6.53 billion, a PE ratio of -162.03 and a beta of 1.92. 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 Inc has a 1-year low of $101.45 and a 1-year high of $180.00.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.54. The company had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. As a group, research analysts predict that HubSpot Inc will post -1.1 earnings per share for the current year.
In other HubSpot news, insider Dharmesh Shah sold 28,000 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $166.53, for a total value of $4,662,840.00. Following the transaction, the insider now owns 1,545,145 shares in the company, valued at $257,312,996.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel John P. Kelleher sold 972 shares of the stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total value of $119,167.20. Following the completion of the transaction, the general counsel now owns 39,659 shares in the company, valued at approximately $4,862,193.40. 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 ninety days. 9.60% of the stock is currently owned by insiders.
A number of research firms recently weighed in on HUBS. Deutsche Bank boosted their target price on HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, February 13th. Bank of America upped their price objective on HubSpot from $185.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Canaccord Genuity upped their price objective on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Raymond James upped their price objective on HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price objective (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot currently has an average rating of “Buy” and a consensus target price of $170.29.
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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. 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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