Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Research Global Investors raised 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 valued at $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake 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 valued at $54,771,000 after purchasing an additional 283,609 shares during the last quarter. Vanguard Group Inc raised its stake in HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares during the last quarter. Vanguard Group Inc. raised its stake in HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in HubSpot by 307.1% in the 3rd quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock valued at $17,379,000 after purchasing an additional 86,846 shares during the last quarter. Institutional investors own 95.01% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Monday, January 28th. Bank of America reiterated a “buy” rating and set a $185.00 target price (up previously from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. Needham & Company LLC restated a “buy” rating and issued a $198.00 price target (up previously from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Canaccord Genuity upped their price target on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Finally, Jefferies Financial Group upped their price target on HubSpot to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Nine equities research 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 company presently has an average rating of “Buy” and an average target price of $170.29.
Shares of HubSpot stock traded up $0.38 on Friday, hitting $162.57. 457,319 shares of the company’s stock traded hands, compared to its average volume of 662,798. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30. The stock has a market cap of $6.69 billion, a P/E ratio of -159.38 and a beta of 1.92. HubSpot Inc has a 52-week low of $101.45 and a 52-week high of $180.00.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million for the quarter, compared to analyst estimates 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 revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. As a group, equities analysts predict that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.
In other HubSpot news, Director Ronald S. Gill sold 4,140 shares of the stock in a transaction on Monday, December 10th. The stock was sold at an average price of $128.15, for a total value of $530,541.00. Following the sale, the director now directly owns 18,214 shares of the company’s stock, valued at $2,334,124.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Halligan sold 15,277 shares of the stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $123.18, for a total value of $1,881,820.86. Following the completion of the sale, the chief executive officer now directly owns 680,046 shares in the company, valued at $83,768,066.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,783 shares of company stock worth $11,013,363. Corporate insiders own 9.60% of the company’s stock.
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HubSpot Company 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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