Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new position in HubSpot during the second quarter valued at about $34,000. FTB Advisors Inc. increased its holdings in shares of HubSpot by 58.8% during the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after acquiring an additional 130 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of HubSpot during the 2nd quarter valued at about $115,000. Comerica Bank bought a new position in shares of HubSpot in the 1st quarter valued at approximately $203,000. Finally, AE Wealth Management LLC bought a new position in shares of HubSpot in the 2nd quarter valued at approximately $212,000. 93.21% of the stock is owned by institutional investors and hedge funds.
In related news, insider Hunter Madeley sold 1,008 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $174.65, for a total value of $176,047.20. Following the completion of the transaction, the insider now directly owns 33,817 shares of the company’s stock, valued at $5,906,139.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $191.99, for a total value of $1,631,915.00. Following the completion of the transaction, the chief executive officer now directly owns 743,404 shares of the company’s stock, valued at $142,726,133.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,147 shares of company stock valued at $25,137,197. 8.30% of the stock is owned by corporate insiders.
A number of brokerages have issued reports on HUBS. ValuEngine cut HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Bank of America set a $215.00 price target on shares of HubSpot and gave the company a “buy” rating in a research report on Thursday, September 5th. Evercore ISI set a $175.00 price objective on shares of HubSpot and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Cowen set a $170.00 price objective on shares of HubSpot and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, UBS Group began coverage on shares of HubSpot in a research note on Tuesday, August 13th. They issued a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $196.60.
NYSE:HUBS opened at $175.77 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. HubSpot Inc has a one year low of $108.39 and a one year high of $207.98. The company has a fifty day moving average price of $188.99 and a 200 day moving average price of $177.01. The stock has a market cap of $8.04 billion, a P/E ratio of -172.32 and a beta of 1.67.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $157.26 million. During the same period last year, the business posted $0.19 EPS. The business’s quarterly revenue was up 33.2% on a year-over-year basis. As a group, equities research analysts anticipate that HubSpot Inc will post -0.74 EPS for the current year.
HubSpot Company 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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