Cooper Haims Advisors LLC Invests $1.96 Million in HubSpot Inc (HUBS)

Cooper Haims Advisors LLC acquired a new stake in HubSpot Inc (NYSE:HUBS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,815 shares of the software maker’s stock, valued at approximately $1,964,000. HubSpot comprises about 0.6% of Cooper Haims Advisors LLC’s portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of HubSpot during the fourth quarter worth $52,232,000. 1832 Asset Management L.P. grew its stake in shares of HubSpot by 2,435.9% during the fourth quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after purchasing an additional 372,700 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of HubSpot by 358.0% during the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after purchasing an additional 283,609 shares in the last quarter. North Peak Capital Management LLC acquired a new position in shares of HubSpot during the fourth quarter worth $15,397,000. Finally, Polar Capital LLP grew its stake in shares of HubSpot by 51.4% during the fourth quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after purchasing an additional 104,956 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

In other news, CFO Kathryn Bueker sold 836 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $166.51, for a total value of $139,202.36. Following the completion of the transaction, the chief financial officer now owns 42,428 shares in the company, valued at approximately $7,064,686.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald S. Gill sold 4,133 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $166.92, for a total transaction of $689,880.36. Following the completion of the transaction, the director now owns 18,207 shares of the company’s stock, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. Insiders have sold 87,896 shares of company stock worth $14,700,297 in the last 90 days. 9.60% of the stock is owned by company insiders.

Shares of NYSE:HUBS opened at $186.10 on Tuesday. The company has a market capitalization of $7.75 billion, a PE ratio of -182.45 and a beta of 1.91. HubSpot Inc has a twelve month low of $106.95 and a twelve month high of $186.96. 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 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $137.48 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. Equities analysts forecast that HubSpot Inc will post -1.1 earnings per share for the current year.

HUBS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Monday, January 28th. Bank of America reiterated a “buy” rating and set a $185.00 target price (up previously from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $198.00 price target (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Canaccord Genuity increased their target price on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, Jefferies Financial Group increased their target price on shares of HubSpot to $200.00 and gave the company a “buy” rating in a 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $178.29.

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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.