Dimensional Fund Advisors LP grew its holdings in shares of HubSpot Inc (NYSE:HUBS) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,066 shares of the software maker’s stock after purchasing an additional 11,076 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.19% of HubSpot worth $9,186,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in HUBS. Advisor Group Inc. grew its holdings in HubSpot by 10.3% during the 4th quarter. Advisor Group Inc. now owns 1,060 shares of the software maker’s stock valued at $133,000 after buying an additional 99 shares in the last quarter. Ffcm LLC bought a new stake in shares of HubSpot during the 4th quarter valued at about $25,000. Harbour Capital Advisors LLC boosted its position in shares of 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 acquiring an additional 198 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of 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 acquiring an additional 200 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of HubSpot by 5.2% during the 4th quarter. Strs Ohio now owns 6,100 shares of the software maker’s stock valued at $766,000 after acquiring an additional 300 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on HUBS shares. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Monday, February 4th. Canaccord Genuity boosted their target price on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Royal Bank of Canada boosted their target price on HubSpot from $167.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Monday. Raymond James boosted their price objective on HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $198.00 price objective (up previously from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. 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. The stock currently has an average rating of “Buy” and a consensus price target of $178.29.
Shares of HUBS stock opened at $181.92 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. HubSpot Inc has a twelve month low of $106.95 and a twelve month high of $186.96. The firm has a market capitalization of $7.75 billion, a P/E ratio of -178.35 and a beta of 1.91.
HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping 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 revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. As a group, equities analysts anticipate that HubSpot Inc will post -1.1 earnings per share for the current fiscal year.
In other HubSpot news, CFO Kathryn Bueker sold 836 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $166.51, for a total value of $139,202.36. Following the completion of the sale, the chief financial officer now owns 42,428 shares in the company, valued at $7,064,686.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ronald S. Gill sold 4,133 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the completion of the sale, the director now owns 18,207 shares of the company’s stock, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,896 shares of company stock worth $14,700,297. Corporate 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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