BNP Paribas Arbitrage SA lifted its stake in HubSpot Inc (NYSE:HUBS) by 191.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,473 shares of the software maker’s stock after acquiring an additional 6,218 shares during the period. BNP Paribas Arbitrage SA’s holdings in HubSpot were worth $1,575,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in shares of HubSpot by 10.3% in the 4th quarter. Advisor Group Inc. now owns 1,060 shares of the software maker’s stock worth $133,000 after acquiring an additional 99 shares in the last quarter. Ffcm LLC acquired a new position in HubSpot during the 4th quarter valued at about $25,000. Harbour Capital Advisors LLC increased its position in HubSpot by 1.7% during the 4th quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock valued at $1,513,000 after buying an additional 198 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in HubSpot by 13.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock valued at $218,000 after buying an additional 200 shares in the last quarter. Finally, Executive Wealth Management LLC acquired a new position in HubSpot during the 4th quarter valued at about $26,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
HubSpot stock opened at $181.92 on Wednesday. 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 $7.75 billion, a price-to-earnings ratio of -178.35 and a beta of 1.91. HubSpot Inc has a fifty-two week low of $106.95 and a fifty-two week high of $186.96.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. On average, research analysts forecast that HubSpot Inc will post -1.1 earnings per share for the current year.
Several research analysts recently issued reports on the company. Zacks Investment Research lowered HubSpot from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Stifel Nicolaus upped their target price on HubSpot from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Oppenheimer reaffirmed a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Jefferies Financial Group upped their target price on HubSpot to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Finally, Deutsche Bank assumed coverage on HubSpot in a research report on Friday, January 25th. They set a “hold” rating and a $150.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. HubSpot currently has a consensus rating of “Buy” and a consensus target price of $178.29.
In other HubSpot news, Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $166.92, for a total transaction of $689,880.36. Following the sale, the director now owns 18,207 shares in the company, valued at approximately $3,039,112.44. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $168.73, for a total value of $4,218,250.00. Following the sale, the chief executive officer now owns 777,390 shares in the company, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,896 shares of company stock worth $14,700,297. Company insiders own 9.60% of the company’s stock.
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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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