LPL Financial LLC increased its holdings in shares of HubSpot Inc (NYSE:HUBS) by 121.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,577 shares of the software maker’s stock after purchasing an additional 4,706 shares during the period. LPL Financial LLC’s holdings in HubSpot were worth $1,078,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in shares of HubSpot by 7.3% during the 3rd quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock valued at $2,007,000 after purchasing an additional 904 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in HubSpot by 50.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock valued at $3,735,000 after acquiring an additional 8,264 shares in the last quarter. Columbia Partners L.L.C. Investment Management lifted its stake in HubSpot by 43.9% in the 3rd quarter. Columbia Partners L.L.C. Investment Management now owns 42,292 shares of the software maker’s stock valued at $6,383,000 after acquiring an additional 12,912 shares in the last quarter. Rothschild & Co. Asset Management US Inc. lifted its stake in HubSpot by 30.3% in the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 19,820 shares of the software maker’s stock valued at $2,992,000 after acquiring an additional 4,614 shares in the last quarter. Finally, American International Group Inc. lifted its stake in HubSpot by 1.8% in the 3rd quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock valued at $3,631,000 after acquiring an additional 434 shares in the last quarter. Institutional investors and hedge funds own 96.77% of the company’s stock.
NYSE:HUBS opened at $166.21 on Friday. HubSpot Inc has a twelve month low of $101.45 and a twelve month 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.
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, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. Research analysts forecast that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Monday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $198.00 target price (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity boosted their target price on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Guggenheim restated a “buy” rating on shares of HubSpot in a research note on Wednesday, March 20th. Finally, Deutsche Bank boosted their target price on HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $175.31.
In related news, insider J Donald Sherman sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $165.58, for a total transaction of $4,139,500.00. Following the transaction, the insider now directly owns 116,476 shares of the company’s stock, valued at approximately $19,286,096.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel John P. Kelleher sold 389 shares of the business’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 $62,450.06. The disclosure for this sale can be found here. Insiders have sold a total of 91,366 shares of company stock worth $15,052,552 in the last ninety days. 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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