LPL Financial LLC increased its position in shares of HubSpot Inc (NYSE:HUBS) by 121.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,577 shares of the software maker’s stock after purchasing an additional 4,706 shares during the quarter. LPL Financial LLC’s holdings in HubSpot were worth $1,078,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in HUBS. Legal & General Group Plc raised its holdings in 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 buying an additional 904 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in HubSpot by 50.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock worth $3,735,000 after purchasing an additional 8,264 shares in the last quarter. Columbia Partners L.L.C. Investment Management raised its holdings 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 worth $6,383,000 after purchasing an additional 12,912 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its holdings 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 worth $2,992,000 after purchasing an additional 4,614 shares in the last quarter. Finally, American International Group Inc. raised its holdings in HubSpot by 1.8% in the 3rd quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock worth $3,631,000 after purchasing an additional 434 shares in the last quarter. Institutional investors and hedge funds own 95.68% of the company’s stock.
In related news, insider Hunter Madeley sold 1,199 shares of the firm’s stock in a transaction that occurred on Monday, January 14th. The shares were sold at an average price of $137.13, for a total value of $164,418.87. Following the transaction, the insider now owns 35,526 shares of the company’s stock, valued at $4,871,680.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $137.86, for a total transaction of $570,740.40. Following the sale, the director now owns 18,214 shares in the company, valued at approximately $2,510,982.04. The disclosure for this sale can be found here. In the last three months, insiders sold 66,366 shares of company stock worth $10,913,052. 9.60% of the stock is currently owned by insiders.
Several brokerages have commented on HUBS. Stifel Nicolaus upped their price objective on shares of HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Oppenheimer restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Jefferies Financial Group upped their price objective on shares of HubSpot to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Deutsche Bank began coverage on shares of HubSpot in a report on Friday, January 25th. They issued a “hold” rating and a $150.00 price objective for the company. Finally, CIBC restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average target price of $175.31.
Shares of NYSE HUBS traded down $10.59 during trading on Friday, reaching $165.63. 616,140 shares of the company traded hands, compared to its average volume of 529,736. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. The company has a market cap of $6.98 billion, a PE ratio of -162.38 and a beta of 1.91. HubSpot Inc has a 52-week low of $101.45 and a 52-week high of $180.00.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54. The firm had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. As a group, equities research analysts anticipate that HubSpot Inc will post -1.09 EPS for the current fiscal year.
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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. 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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