Advisors Asset Management Inc. Acquires Shares of 3,357 HubSpot Inc (NYSE:HUBS)

Advisors Asset Management Inc. acquired a new position in shares of HubSpot Inc (NYSE:HUBS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 3,357 shares of the software maker’s stock, valued at approximately $507,000.

A number of other large investors have also recently bought and sold shares of HUBS. DekaBank Deutsche Girozentrale grew its position in shares of HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares in the last quarter. American International Group Inc. raised its stake in shares of HubSpot by 1.8% in the third quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock valued at $3,631,000 after acquiring an additional 434 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in shares of HubSpot by 4.6% in the second quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock valued at $2,066,000 after acquiring an additional 719 shares in the last quarter. Raymond James & Associates increased its holdings in HubSpot by 4.0% in the second quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock valued at $2,564,000 after buying an additional 782 shares during the last quarter. Finally, Paloma Partners Management Co increased its holdings in HubSpot by 36.9% in the third quarter. Paloma Partners Management Co now owns 3,009 shares of the software maker’s stock valued at $454,000 after buying an additional 811 shares during the last quarter. Institutional investors own 93.62% of the company’s stock.

In related news, General Counsel John P. Kelleher sold 972 shares of the business’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total transaction of $119,167.20. Following the completion of the sale, the general counsel now owns 39,659 shares of the company’s stock, valued at approximately $4,862,193.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel John P. Kelleher sold 508 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $140.95, for a total transaction of $71,602.60. Following the completion of the transaction, the general counsel now owns 37,460 shares of the company’s stock, valued at approximately $5,279,987. The disclosure for this sale can be found here. Insiders have sold a total of 72,685 shares of company stock worth $9,225,276 in the last 90 days. Company insiders own 9.60% of the company’s stock.

Several equities analysts recently commented on HUBS shares. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Wednesday, November 14th. Bank of America raised their price objective on HubSpot to $160.00 and gave the stock a “buy” rating in a report on Wednesday, October 17th. Rosenblatt Securities initiated coverage on HubSpot in a report on Thursday, October 4th. They set a “buy” rating and a $170.00 price objective on the stock. UBS Group started coverage on HubSpot in a report on Thursday, October 4th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group started coverage on shares of HubSpot in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $147.13.

HUBS stock opened at $140.00 on Friday. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of -137.25 and a beta of 1.80. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. HubSpot Inc has a one year low of $85.65 and a one year high of $162.20.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.37). The firm had revenue of $131.83 million during the quarter, compared to analysts’ expectations of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The firm’s revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, sell-side analysts expect that HubSpot Inc will post -0.98 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. 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.