Bailard Inc. Has $2.26 Million Stake in HubSpot Inc (HUBS)

Bailard Inc. lowered its position in shares of HubSpot Inc (NYSE:HUBS) by 29.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,600 shares of the software maker’s stock after selling 5,550 shares during the period. Bailard Inc.’s holdings in HubSpot were worth $2,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBS. Oppenheimer & Co. Inc. acquired a new position in shares of HubSpot during the first quarter valued at $248,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of HubSpot by 27.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 2,032 shares of the software maker’s stock valued at $338,000 after acquiring an additional 436 shares during the period. Brinker Capital Inc. bought a new stake in shares of HubSpot during the first quarter valued at about $373,000. Strs Ohio raised its stake in shares of HubSpot by 9.8% during the first quarter. Strs Ohio now owns 6,700 shares of the software maker’s stock valued at $1,113,000 after purchasing an additional 600 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of HubSpot during the first quarter valued at about $249,000. Institutional investors own 96.78% of the company’s stock.

Shares of NYSE HUBS opened at $170.96 on Friday. HubSpot Inc has a fifty-two week low of $104.10 and a fifty-two week high of $180.00. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30. The stock has a market cap of $6.54 billion, a P/E ratio of -167.61 and a beta of 1.90.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. During the same period in the previous year, the business earned $0.12 earnings per share. HubSpot’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, analysts predict that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.

In other HubSpot news, General Counsel John P. Kelleher sold 389 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $160.54, for a total value of $62,450.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the completion of the sale, the chief executive officer now owns 777,390 shares in the company, valued at $131,169,014.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,895 shares of company stock worth $14,671,594. 9.60% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on HUBS shares. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Stephens started coverage on shares of HubSpot in a research note on Thursday, January 17th. They set an “overweight” rating and a $191.00 price objective on the stock. Bank of America restated a “buy” rating and set a $185.00 price objective (up from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. UBS Group cut shares of HubSpot from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 24th. Finally, Oppenheimer restated a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $175.69.

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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.