Inverness Counsel LLC NY decreased its position in HubSpot Inc (NYSE:HUBS) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,123 shares of the software maker’s stock after selling 237 shares during the quarter. Inverness Counsel LLC NY’s holdings in HubSpot were worth $393,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of HUBS. CWM LLC bought a new position in HubSpot during the 4th quarter worth $40,000. First Hawaiian Bank acquired a new stake in HubSpot during the 4th quarter worth about $43,000. DekaBank Deutsche Girozentrale grew its holdings in 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 acquiring an additional 385 shares during the period. Penserra Capital Management LLC acquired a new stake in HubSpot during the 3rd quarter worth about $160,000. Finally, Global X Management Co LLC acquired a new stake in HubSpot during the 2nd quarter worth about $172,000. 95.01% of the stock is currently owned by institutional investors.
Several analysts have recently commented on the company. Royal Bank of Canada raised their target price on HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research note on Thursday, November 8th. Oppenheimer lifted their target price on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Raymond James lifted their target price on shares of HubSpot from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Morgan Stanley lifted their target price on shares of HubSpot from $141.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of HubSpot in a report on Tuesday, November 13th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. HubSpot has a consensus rating of “Buy” and an average price target of $170.29.
In other HubSpot news, General Counsel John P. Kelleher sold 508 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total value of $70,378.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian Halligan sold 15,277 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the completion of the sale, the chief executive officer now owns 680,046 shares in the company, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders have sold 74,763 shares of company stock worth $10,819,780 in the last quarter. 9.60% of the stock is owned by corporate insiders.
HubSpot stock traded up $1.04 during mid-day trading on Thursday, hitting $165.27. The company’s stock had a trading volume of 527,598 shares, compared to its average volume of 701,777. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $6.53 billion, a PE ratio of -162.03 and a beta of 1.92. HubSpot Inc has a 12 month low of $101.45 and a 12 month high of $180.00.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, equities analysts expect that HubSpot Inc will post -1.1 earnings per share for the current fiscal 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. 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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