Virginia Retirement Systems ET AL acquired a new stake in shares of HubSpot Inc (NYSE:HUBS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,500 shares of the software maker’s stock, valued at approximately $943,000.
Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC lifted its stake in HubSpot by 2.2% during the 4th quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock valued at $121,172,000 after acquiring an additional 20,323 shares during the period. Stevens Capital Management LP bought a new position in HubSpot during the 4th quarter valued at about $346,000. Cim Investment Mangement Inc. bought a new position in HubSpot during the 4th quarter valued at about $224,000. CIBC Private Wealth Group LLC lifted its stake in HubSpot by 13.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock valued at $218,000 after acquiring an additional 200 shares during the period. Finally, Rhumbline Advisers lifted its stake in HubSpot by 49.6% during the 4th quarter. Rhumbline Advisers now owns 49,117 shares of the software maker’s stock valued at $6,175,000 after acquiring an additional 16,295 shares during the period. 95.74% of the stock is currently owned by institutional investors and hedge funds.
In other HubSpot news, insider J Donald Sherman sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $127.08, for a total value of $1,906,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel John P. Kelleher sold 390 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $172.75, for a total value of $67,372.50. Following the completion of the transaction, the general counsel now owns 44,735 shares of the company’s stock, valued at $7,727,971.25. The disclosure for this sale can be found here. Insiders sold a total of 71,643 shares of company stock valued at $10,482,822 over the last three months. 9.60% of the stock is currently owned by insiders.
HubSpot stock opened at $166.91 on Friday. The company has a market capitalization of $6.61 billion, a P/E ratio of -163.64 and a beta of 1.91. HubSpot Inc has a 12-month low of $101.45 and a 12-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 earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The company had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. Analysts forecast that HubSpot Inc will post -1.09 EPS for the current year.
Several research firms have issued reports on HUBS. Stephens began coverage on shares of HubSpot in a research note on Thursday, January 17th. They set an “overweight” rating and a $191.00 target price on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. UBS Group reaffirmed a “hold” rating on shares of HubSpot in a research report on Wednesday, February 13th. Royal Bank of Canada upped their price target on shares of HubSpot to $167.00 and gave the company a “market perform” rating in a research report on Wednesday, February 13th. Finally, Canaccord Genuity upped their price target on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Eight equities 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. The company presently has a consensus rating of “Buy” and an average target price of $175.31.
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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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