Citigroup Inc. boosted its position in HubSpot Inc (NYSE:HUBS) by 920.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,269 shares of the software maker’s stock after acquiring an additional 13,773 shares during the period. Citigroup Inc.’s holdings in HubSpot were worth $1,920,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Ffcm LLC bought a new position in HubSpot in the fourth quarter worth approximately $25,000. CWM LLC bought a new position in HubSpot in the fourth quarter worth approximately $40,000. First Hawaiian Bank bought a new position in HubSpot in the fourth quarter worth approximately $43,000. Mckinley Capital Management LLC Delaware bought a new position in shares of HubSpot in the fourth quarter valued at approximately $51,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares in the last quarter. Institutional investors and hedge funds own 96.77% of the company’s stock.
A number of research analysts have recently weighed in on HUBS shares. Stephens started coverage on HubSpot in a report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price on the stock. UBS Group lowered HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. CIBC restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Oppenheimer restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Deutsche Bank started coverage on HubSpot in a report on Friday, January 25th. They issued a “hold” rating and a $150.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $175.31.
In other HubSpot news, CFO Kathryn Bueker sold 836 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $166.51, for a total value of $139,202.36. Following the completion of the sale, the chief financial officer now directly owns 42,428 shares of the company’s stock, valued at $7,064,686.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hunter Madeley sold 1,238 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $166.75, for a total value of $206,436.50. Following the completion of the sale, the insider now directly owns 38,892 shares of the company’s stock, valued at $6,485,241. The disclosure for this sale can be found here. Insiders sold 93,234 shares of company stock valued at $15,406,754 over the last three months. Company insiders own 9.60% of the company’s stock.
HubSpot stock traded down $0.42 during mid-day trading on Friday, reaching $163.99. 505,132 shares of the company’s stock were exchanged, compared to its average volume of 613,441. The firm has a market capitalization of $6.51 billion, a P/E ratio of -160.77 and a beta of 1.90. 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 issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the Zacks’ 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%. HubSpot’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Analysts predict 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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