Virginia Retirement Systems ET AL bought a new position in HubSpot Inc (NYSE:HUBS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,500 shares of the software maker’s stock, valued at approximately $943,000.
Several other institutional investors and hedge funds have also bought and sold shares of HUBS. CWM LLC purchased a new stake in HubSpot in the 4th quarter valued at about $40,000. First Hawaiian Bank purchased a new stake in HubSpot in the 4th quarter valued at about $43,000. DekaBank Deutsche Girozentrale increased its stake in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after buying an additional 385 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in HubSpot in the 3rd quarter valued at about $160,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in HubSpot in the 3rd quarter valued at about $182,000. Institutional investors own 95.68% of the company’s stock.
HUBS has been the subject of several analyst reports. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Monday, February 4th. Canaccord Genuity increased their price objective on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Raymond James increased their price objective on shares of HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $198.00 price objective (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Finally, Royal Bank of Canada increased their price objective on shares of HubSpot to $167.00 and gave the company a “market perform” rating in a research note on Wednesday, February 13th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $175.31.
In related news, insider Dharmesh Shah sold 28,000 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $166.53, for a total value of $4,662,840.00. Following the completion of the transaction, the insider now directly owns 1,545,145 shares of the company’s stock, valued at approximately $257,312,996.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Hunter Madeley sold 1,138 shares of the firm’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 transaction of $196,589.50. Following the completion of the transaction, the insider now directly owns 40,663 shares of the company’s stock, valued at $7,024,533.25. The disclosure for this sale can be found here. Insiders have sold a total of 66,366 shares of company stock valued at $10,913,052 over the last three months. Insiders own 9.60% of the company’s stock.
HubSpot stock opened at $165.63 on Friday. HubSpot Inc has a twelve month low of $101.45 and a twelve month high of $180.00. The company has a market cap of $6.98 billion, a PE ratio of -162.38 and a beta of 1.91. 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 for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same period in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 35.2% compared to the same quarter last year. On average, equities analysts expect that HubSpot Inc will post -1.09 EPS for the current fiscal year.
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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. 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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