HubSpot Inc (HUBS) Holdings Trimmed by Norris Perne & French LLP MI

Norris Perne & French LLP MI cut its holdings in shares of HubSpot Inc (NYSE:HUBS) by 12.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,200 shares of the software maker’s stock after selling 7,159 shares during the period. Norris Perne & French LLP MI owned approximately 0.12% of HubSpot worth $8,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of HubSpot by 11.4% in the third quarter. Dimensional Fund Advisors LP now owns 61,990 shares of the software maker’s stock valued at $9,357,000 after purchasing an additional 6,320 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of HubSpot in the third quarter valued at about $331,000. Advisors Asset Management Inc. bought a new stake in shares of HubSpot in the third quarter valued at about $507,000. AQR Capital Management LLC lifted its holdings in shares of HubSpot by 32.7% in the third quarter. AQR Capital Management LLC now owns 19,407 shares of the software maker’s stock valued at $2,929,000 after purchasing an additional 4,781 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its holdings in shares of HubSpot by 30.6% in the third quarter. Glenmede Trust Co. NA now owns 6,508 shares of the software maker’s stock valued at $981,000 after purchasing an additional 1,525 shares in the last quarter. Hedge funds and other institutional investors own 96.78% of the company’s stock.

In other news, insider Hunter Madeley sold 1,005 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $161,342.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel John P. Kelleher sold 389 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,895 shares of company stock worth $14,671,594. Company insiders own 9.60% of the company’s stock.

NYSE HUBS traded up $4.13 during trading on Monday, reaching $182.85. 19,913 shares of the company’s stock were exchanged, compared to its average volume of 403,961. The company has a market cap of $7.51 billion, a PE ratio of -178.91 and a beta of 1.90. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. HubSpot Inc has a fifty-two week low of $104.10 and a fifty-two week high of $180.00.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.54. The firm 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 business’s 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 earnings per share. As a group, research analysts anticipate that HubSpot Inc will post -1.09 EPS for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Monday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $198.00 price target (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Canaccord Genuity boosted their price target on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Deutsche Bank upped their target price on HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, February 13th. Finally, Stifel Nicolaus upped their target price on HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $175.69.

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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.