Several other institutional investors also recently made changes to their positions in HUBS. Juncture Wealth Strategies LLC raised its stake in shares of HubSpot by 52.3% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,396 shares of the software maker’s stock worth $553,000 after buying an additional 1,510 shares in the last quarter. Sit Investment Associates Inc. raised its position in shares of HubSpot by 34.8% during the fourth quarter. Sit Investment Associates Inc. now owns 17,250 shares of the software maker’s stock worth $2,169,000 after purchasing an additional 4,450 shares during the period. First Hawaiian Bank acquired a new stake in shares of HubSpot during the fourth quarter worth $43,000. Vanguard Group Inc raised its position in shares of HubSpot by 3.1% during the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after purchasing an additional 95,762 shares during the period. Finally, Federated Investors Inc. PA raised its position in shares of HubSpot by 307.1% during the third quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock worth $17,379,000 after purchasing an additional 86,846 shares during the period. 93.77% of the stock is owned by institutional investors and hedge funds.
Shares of HUBS traded up $0.03 during midday trading on Wednesday, hitting $163.81. The stock had a trading volume of 340,790 shares, compared to its average volume of 583,891. The company has a market cap of $6.51 billion, a P/E ratio of -160.60 and a beta of 1.92. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. HubSpot Inc has a 1 year low of $85.65 and a 1 year high of $165.41.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The company had revenue of $131.83 million during the quarter, compared to analysts’ expectations of $126.65 million. During the same quarter last year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. Analysts predict that HubSpot Inc will post -0.97 earnings per share for the current fiscal year.
In other HubSpot news, Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $132.54, for a total value of $548,715.60. Following the sale, the director now directly owns 18,214 shares of the company’s stock, valued at approximately $2,414,083.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dharmesh Shah sold 27,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $125.50, for a total value of $3,388,500.00. The disclosure for this sale can be found here. Insiders have sold 73,770 shares of company stock valued at $9,404,275 in the last 90 days. Company insiders own 9.60% of the company’s stock.
A number of brokerages have recently weighed in on HUBS. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Oppenheimer boosted their target price on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. UBS Group downgraded HubSpot from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 24th. Morgan Stanley decreased their price target on HubSpot from $148.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 23rd. Finally, Stephens started coverage on HubSpot in a research note on Thursday, January 17th. They set an “overweight” rating and a $191.00 price target for the company. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $153.35.
COPYRIGHT VIOLATION WARNING: “HubSpot Inc (HUBS) Shares Sold by Empowered Funds LLC” was reported by Fairfield Current and is the property of of Fairfield Current. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.fairfieldcurrent.com/news/2019/02/06/hubspot-inc-hubs-position-trimmed-by-empowered-funds-llc.html.
HubSpot Company Profile
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.
Read More: What is the strike price in options trading?
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.