State Board of Administration of Florida Retirement System trimmed its holdings in shares of HubSpot Inc (NYSE:HUBS) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,510 shares of the software maker’s stock after selling 271 shares during the period. State Board of Administration of Florida Retirement System’s holdings in HubSpot were worth $2,453,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of HUBS. Capital Research Global Investors raised its stake in shares of HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after buying an additional 1,181,611 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of HubSpot by 358.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after acquiring an additional 283,609 shares during the period. Vanguard Group Inc grew its holdings in shares of HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after acquiring an additional 95,762 shares during the period. Vanguard Group Inc. grew its holdings in shares of HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after acquiring an additional 95,762 shares during the period. Finally, Federated Investors Inc. PA grew its holdings in shares of HubSpot by 307.1% in the 3rd quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock worth $17,379,000 after acquiring an additional 86,846 shares during the period. 95.01% of the stock is owned by institutional investors and hedge funds.
NYSE:HUBS opened at $164.56 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 12 month low of $101.45 and a 12 month high of $180.00. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of -161.33 and a beta of 1.92.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.54. The company 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 firm’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Equities research analysts anticipate that HubSpot Inc will post -1.09 EPS for the current fiscal year.
In related news, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $128.15, for a total value of $530,541.00. Following the completion of the transaction, the director now directly owns 18,214 shares in the company, valued at $2,334,124.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel John P. Kelleher sold 389 shares of HubSpot 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. Insiders have sold 75,783 shares of company stock valued at $11,013,363 over the last 90 days. Insiders own 9.60% of the company’s stock.
HUBS has been the topic of a number of research reports. Stephens initiated coverage on HubSpot in a report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price target on the stock. UBS Group cut HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. CIBC reiterated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Deutsche Bank began coverage on HubSpot in a report on Friday, January 25th. They set a “hold” rating and a $150.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $170.29.
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HubSpot 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.
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