Allianz Asset Management GmbH raised its holdings in HubSpot Inc (NYSE:HUBS) by 79.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,889 shares of the software maker’s stock after purchasing an additional 57,349 shares during the period. Allianz Asset Management GmbH owned 0.31% of HubSpot worth $22,149,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Trust Advisors LP lifted its stake in shares of HubSpot by 13.4% during the second quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock valued at $174,951,000 after buying an additional 121,162 shares during the period. Wasatch Advisors Inc. lifted its stake in shares of HubSpot by 2.5% during the first quarter. Wasatch Advisors Inc. now owns 502,406 shares of the software maker’s stock valued at $83,505,000 after buying an additional 12,461 shares during the period. Geode Capital Management LLC lifted its stake in shares of HubSpot by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock valued at $48,100,000 after buying an additional 34,178 shares during the period. Janus Henderson Group PLC purchased a new position in shares of HubSpot during the second quarter valued at approximately $51,977,000. Finally, Federated Investors Inc. PA lifted its stake in shares of HubSpot by 44.2% during the first quarter. Federated Investors Inc. PA now owns 167,879 shares of the software maker’s stock valued at $27,903,000 after buying an additional 51,446 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on HUBS shares. Deutsche Bank upped their price target on shares of HubSpot from $168.00 to $180.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. SunTrust Banks upped their price target on shares of HubSpot to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. ValuEngine lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Goldman Sachs Group started coverage on shares of HubSpot in a research report on Friday, June 7th. They set a “buy” rating and a $223.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of HubSpot from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. HubSpot currently has an average rating of “Buy” and a consensus price target of $189.95.
HubSpot stock opened at $199.68 on Friday. HubSpot Inc has a 52-week low of $108.39 and a 52-week high of $207.98. The firm has a fifty day moving average of $186.44 and a 200-day moving average of $175.71. The firm has a market capitalization of $8.42 billion, a P/E ratio of -195.76 and a beta of 1.71. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.91.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.07. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The company had revenue of $163.30 million during the quarter, compared to analyst estimates of $157.26 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. On average, research analysts expect that HubSpot Inc will post -0.74 EPS for the current fiscal year.
In other news, CEO Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $177.65, for a total value of $1,510,025.00. Following the completion of the sale, the chief executive officer now owns 753,902 shares of the company’s stock, valued at $133,930,690.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 31,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $174.00, for a total transaction of $5,394,000.00. Following the completion of the transaction, the chief technology officer now owns 1,529,718 shares of the company’s stock, valued at $266,170,932. The disclosure for this sale can be found here. Insiders sold 142,687 shares of company stock valued at $25,391,297 in the last three months. Company insiders own 8.30% of the company’s stock.
HubSpot Profile
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.
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