Citigroup Inc. lifted its position in shares of HubSpot Inc (NYSE:HUBS) by 920.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,269 shares of the software maker’s stock after acquiring an additional 13,773 shares during the quarter. Citigroup Inc.’s holdings in HubSpot were worth $1,920,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. grew its position in HubSpot by 69.4% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,385 shares of the software maker’s stock worth $3,077,000 after acquiring an additional 8,350 shares in the last quarter. Penserra Capital Management LLC bought a new stake in HubSpot in the third quarter worth approximately $160,000. SG Americas Securities LLC grew its position in HubSpot by 118.4% in the third quarter. SG Americas Securities LLC now owns 6,055 shares of the software maker’s stock worth $914,000 after acquiring an additional 3,283 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in HubSpot in the third quarter worth approximately $452,000. Finally, Swiss National Bank grew its position in HubSpot by 1.4% in the third quarter. Swiss National Bank now owns 63,600 shares of the software maker’s stock worth $9,600,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 95.74% of the company’s stock.
A number of analysts have recently weighed in on the stock. Deutsche Bank boosted their price objective on shares of HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, February 13th. Bank of America boosted their price objective on shares of HubSpot from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Canaccord Genuity boosted their price objective on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Raymond James boosted their price objective on shares of HubSpot from $155.00 to $181.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $198.00 price objective (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Eight 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of $175.31.
NYSE:HUBS opened at $166.82 on Thursday. HubSpot Inc has a one year low of $101.45 and a one year high of $180.00. The company has a current ratio of 3.01, a quick 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. On average, analysts forecast that HubSpot Inc will post -1.09 EPS for the current year.
In other HubSpot news, insider J Donald Sherman sold 15,000 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $127.08, for a total value of $1,906,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total transaction 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 approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders sold a total of 71,643 shares of company stock worth $10,482,822 in the last three months. 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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