Inverness Counsel LLC NY trimmed its stake in HubSpot Inc (NYSE:HUBS) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,123 shares of the software maker’s stock after selling 237 shares during the period. Inverness Counsel LLC NY’s holdings in HubSpot were worth $393,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in HubSpot by 3.1% in the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after acquiring an additional 95,762 shares during the period. Vanguard Group Inc grew its position in HubSpot by 3.1% in the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after acquiring an additional 95,762 shares during the period. Capital Research Global Investors grew its position in HubSpot by 164.5% in the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after acquiring an additional 1,181,611 shares during the period. Jennison Associates LLC grew its position in HubSpot by 8.1% in the third quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock valued at $142,410,000 after acquiring an additional 70,430 shares during the period. Finally, Scge Management L.P. grew its position in HubSpot by 10.4% in the third quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock valued at $132,632,000 after acquiring an additional 83,000 shares during the period. Hedge funds and other institutional investors own 93.62% of the company’s stock.
Shares of HUBS stock opened at $146.56 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. The firm has a market cap of $5.89 billion, a PE ratio of -143.69 and a beta of 1.80. HubSpot Inc has a 52 week low of $85.65 and a 52 week high of $162.20.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.37). The business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. HubSpot’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. As a group, equities analysts predict that HubSpot Inc will post -0.97 EPS for the current year.
In other news, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $137.61, for a total transaction of $137,610.00. Following the transaction, the insider now owns 36,797 shares of the company’s stock, valued at $5,063,635.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John P. Kelleher sold 508 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $140.95, for a total value of $71,602.60. Following the transaction, the general counsel now directly owns 37,460 shares in the company, valued at approximately $5,279,987. The disclosure for this sale can be found here. Insiders have sold 73,884 shares of company stock worth $9,389,695 in the last 90 days. Company insiders own 9.60% of the company’s stock.
A number of analysts have weighed in on the company. Bank of America reiterated a “buy” rating and issued a $185.00 price target (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. UBS Group cut HubSpot from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 24th. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Zacks Investment Research upgraded 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. Finally, CIBC reiterated 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $152.82.
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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. 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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