Amalgamated Bank trimmed its position in shares of HubSpot Inc (NYSE:HUBS) by 61.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,129 shares of the software maker’s stock after selling 3,411 shares during the quarter. Amalgamated Bank’s holdings in HubSpot were worth $321,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. DekaBank Deutsche Girozentrale lifted its stake in HubSpot by 85.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after acquiring an additional 385 shares in the last quarter. American International Group Inc. lifted its stake in HubSpot by 1.8% during the 3rd quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock worth $3,631,000 after acquiring an additional 434 shares in the last quarter. Aperio Group LLC lifted its stake in HubSpot by 16.3% during the 2nd quarter. Aperio Group LLC now owns 3,835 shares of the software maker’s stock worth $481,000 after acquiring an additional 537 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in HubSpot by 4.6% during the 2nd quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock worth $2,066,000 after acquiring an additional 719 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in HubSpot by 4.0% during the 2nd quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock worth $2,564,000 after acquiring an additional 782 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.
Shares of HUBS stock remained flat at $$140.00 during midday trading on Friday. The company’s stock had a trading volume of 548,121 shares, compared to its average volume of 508,703. HubSpot Inc has a one year low of $85.65 and a one year high of $162.20. The stock has a market cap of $5.43 billion, a P/E ratio of -137.25 and a beta of 1.80. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.37). The company had revenue of $131.83 million during the quarter, compared to analysts’ expectations of $126.65 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. Research analysts expect that HubSpot Inc will post -0.98 EPS for the current year.
A number of research firms have issued reports on HUBS. Bank of America increased their price target on HubSpot to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Royal Bank of Canada increased their price target on HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research report on Thursday, November 8th. Zacks Investment Research reaffirmed a “hold” rating on shares of HubSpot in a research report on Tuesday, November 13th. Morgan Stanley increased their price target on HubSpot from $141.00 to $146.00 and gave the company an “equal weight” rating in a research report on Thursday, November 8th. Finally, Jefferies Financial Group initiated coverage on HubSpot in a report on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $147.13.
In related news, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction on Monday, November 12th. The stock was sold at an average price of $132.54, for a total transaction of $548,715.60. Following the completion of the transaction, the director now directly owns 18,214 shares of the company’s stock, valued at $2,414,083.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel John P. Kelleher sold 508 shares of HubSpot stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $140.95, for a total value of $71,602.60. Following the transaction, the general counsel now directly owns 37,460 shares of the company’s stock, valued at $5,279,987. The disclosure for this sale can be found here. Insiders sold a total of 72,685 shares of company stock valued at $9,225,276 over the last three months. 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. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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