APG Asset Management N.V. bought a new position in HubSpot Inc (NYSE:HUBS) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 18,200 shares of the software maker’s stock, valued at approximately $2,725,000.
Other institutional investors also recently made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new position in shares of HubSpot in the 2nd quarter worth approximately $34,000. Capital Investment Advisory Services LLC purchased a new position in shares of HubSpot in the 2nd quarter worth approximately $36,000. Pearl River Capital LLC purchased a new position in shares of HubSpot in the 2nd quarter worth approximately $48,000. FTB Advisors Inc. boosted its holdings in shares of HubSpot by 58.8% in the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock worth $59,000 after purchasing an additional 130 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new position in shares of HubSpot in the 2nd quarter worth approximately $115,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.
Shares of HUBS stock opened at $163.13 on Thursday. HubSpot Inc has a 52-week low of $108.39 and a 52-week high of $207.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. The firm has a market capitalization of $6.97 billion, a P/E ratio of -159.93 and a beta of 1.66. The stock has a 50 day moving average price of $186.02 and a 200 day moving average price of $176.85.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.07. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The firm had revenue of $163.30 million during the quarter, compared to analyst estimates of $157.26 million. During the same period last year, the company earned $0.19 EPS. HubSpot’s quarterly revenue was up 33.2% compared to the same quarter last year. As a group, sell-side analysts forecast that HubSpot Inc will post -0.74 EPS for the current year.
A number of equities analysts have recently commented on HUBS shares. Royal Bank of Canada upgraded HubSpot from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $187.00 to $230.00 in a report on Thursday, September 5th. They noted that the move was a valuation call. UBS Group started coverage on HubSpot in a report on Tuesday, August 13th. They issued a “buy” rating for the company. Evercore ISI set a $175.00 target price on HubSpot and gave the stock a “hold” rating in a report on Wednesday, August 7th. Jefferies Financial Group lifted their target price on HubSpot from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Raymond James lifted their target price on HubSpot from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and an average price target of $196.60.
In other HubSpot news, COO J Donald Sherman sold 25,000 shares of HubSpot stock in a transaction on Monday, June 24th. The stock was sold at an average price of $173.76, for a total transaction of $4,344,000.00. Following the completion of the sale, the chief operating officer now directly owns 114,008 shares of the company’s stock, valued at approximately $19,810,030.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Hunter Madeley sold 1,008 shares of HubSpot stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total value of $176,047.20. Following the sale, the insider now directly owns 33,817 shares of the company’s stock, valued at $5,906,139.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,647 shares of company stock valued at $23,627,172. 8.30% of the stock is currently owned by corporate insiders.
About HubSpot
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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