Empowered Funds LLC reduced its position in shares of HubSpot Inc (NYSE:HUBS) by 12.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,180 shares of the software maker’s stock after selling 1,493 shares during the period. Empowered Funds LLC’s holdings in HubSpot were worth $1,280,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $43,000. DekaBank Deutsche Girozentrale grew its position in shares of HubSpot by 85.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after buying an additional 385 shares during the period. Penserra Capital Management LLC acquired a new position in HubSpot during the third quarter valued at approximately $160,000. Harvest Fund Management Co. Ltd acquired a new position in HubSpot during the third quarter valued at approximately $182,000. Finally, Global X Management Co LLC acquired a new position in HubSpot during the second quarter valued at approximately $172,000. 93.62% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Dharmesh Shah sold 27,000 shares of HubSpot stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $125.50, for a total value of $3,388,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 1,199 shares of HubSpot stock in a transaction on Monday, January 14th. The shares were sold at an average price of $137.13, for a total transaction of $164,418.87. Following the completion of the sale, the insider now directly owns 35,526 shares of the company’s stock, valued at approximately $4,871,680.38. The disclosure for this sale can be found here. Insiders have sold a total of 73,884 shares of company stock valued at $9,389,695 in the last three months. Insiders own 9.60% of the company’s stock.
Shares of HUBS stock traded down $3.57 on Tuesday, hitting $146.56. The company’s stock had a trading volume of 533,187 shares, compared to its average volume of 569,820. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15. HubSpot Inc has a fifty-two week low of $85.65 and a fifty-two week high of $162.20. The company has a market capitalization of $5.84 billion, a PE ratio of -143.69 and a beta of 1.80.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). The firm had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 earnings per share. On average, analysts forecast that HubSpot Inc will post -0.98 EPS for the current year.
A number of brokerages have weighed in on HUBS. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group assumed coverage on shares of HubSpot in a research report on Thursday, October 4th. They issued a “buy” rating on the stock. Morgan Stanley cut their price objective on shares of HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. Stephens assumed coverage on shares of HubSpot in a research report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price objective on the stock. Finally, Oppenheimer reissued a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $152.82.
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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. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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