Strs Ohio boosted its position in HubSpot Inc (NYSE:HUBS) by 9.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,700 shares of the software maker’s stock after purchasing an additional 600 shares during the quarter. Strs Ohio’s holdings in HubSpot were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in HUBS. Ffcm LLC purchased a new stake in shares of HubSpot during the 4th quarter worth about $25,000. Executive Wealth Management LLC acquired a new position in HubSpot during the 4th quarter worth approximately $26,000. Sageworth Trust Co acquired a new position in HubSpot during the 1st quarter worth approximately $38,000. CWM LLC acquired a new position in HubSpot during the 4th quarter worth approximately $40,000. Finally, First Hawaiian Bank acquired a new position in HubSpot during the 4th quarter worth approximately $43,000. 96.78% of the stock is owned by hedge funds and other institutional investors.
Shares of HUBS opened at $184.49 on Wednesday. HubSpot Inc has a 52-week low of $104.10 and a 52-week high of $186.96. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of -180.87 and a beta of 1.90. 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 announced its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same period in the prior year, the company posted $0.12 EPS. HubSpot’s quarterly revenue was up 35.2% on a year-over-year basis. Sell-side analysts expect that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.
Several equities analysts recently commented on the company. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Monday, January 28th. Piper Jaffray Companies boosted their price target on HubSpot from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $198.00 price target (up from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Canaccord Genuity boosted their price target on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Finally, Deutsche Bank boosted their price target on HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $177.12.
In related news, Director Ronald S. Gill sold 4,133 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $166.92, for a total transaction of $689,880.36. Following the sale, the director now directly owns 18,207 shares of the company’s stock, valued at approximately $3,039,112.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel John P. Kelleher sold 389 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,895 shares of company stock worth $14,671,594. 9.60% of the stock is currently owned by corporate insiders.
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HubSpot Profile
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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