Pendal Group Ltd cut its stake in shares of HubSpot Inc (NYSE:HUBS) by 36.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,361 shares of the software maker’s stock after selling 5,425 shares during the period. Pendal Group Ltd’s holdings in HubSpot were worth $1,556,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Advisor Group Inc. grew its position in HubSpot by 10.3% during the fourth quarter. Advisor Group Inc. now owns 1,060 shares of the software maker’s stock valued at $133,000 after purchasing an additional 99 shares in the last quarter. Ffcm LLC purchased a new position in HubSpot during the fourth quarter valued at approximately $25,000. Harbour Capital Advisors LLC grew its position in HubSpot by 1.7% during the fourth quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock valued at $1,513,000 after purchasing an additional 198 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in HubSpot by 13.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock valued at $218,000 after purchasing an additional 200 shares in the last quarter. Finally, Executive Wealth Management LLC purchased a new position in HubSpot during the fourth quarter valued at approximately $26,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on HUBS shares. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Deutsche Bank started coverage on shares of HubSpot in a research report on Friday, January 25th. They issued a “hold” rating and a $150.00 target price for the company. Bank of America reissued a “buy” rating and issued a $185.00 target price (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. CIBC reissued a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $198.00 target price (up from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. HubSpot presently has a consensus rating of “Buy” and an average target price of $177.12.
In other news, insider Dharmesh Shah sold 28,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 1,545,145 shares in the company, valued at $257,312,996.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel John P. Kelleher sold 389 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $160.54, for a total transaction of $62,450.06. The disclosure for this sale can be found here. Insiders sold 89,290 shares of company stock valued at $14,924,089 over the last 90 days. 9.60% of the stock is owned by corporate insiders.
Shares of HubSpot stock opened at $184.36 on Friday. 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 Inc has a 1-year low of $106.65 and a 1-year high of $186.96. The firm has a market capitalization of $7.75 billion, a PE ratio of -180.75 and a beta of 1.91.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping 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 business had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. During the same period in the previous year, the company earned $0.12 earnings per share. HubSpot’s revenue for the quarter was up 35.2% on a year-over-year basis. As a group, analysts anticipate that HubSpot Inc will post -1.1 EPS for the current year.
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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. 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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