A number of other institutional investors also recently made changes to their positions in HUBS. CWM LLC bought a new stake in shares of HubSpot during the fourth quarter worth $40,000. First Hawaiian Bank bought a new position in HubSpot in the fourth quarter valued at about $43,000. DekaBank Deutsche Girozentrale boosted its holdings in HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after acquiring an additional 385 shares during the last quarter. Penserra Capital Management LLC bought a new position in HubSpot in the third quarter valued at about $160,000. Finally, Harvest Fund Management Co. Ltd bought a new position in HubSpot in the third quarter valued at about $182,000. 95.68% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. Guggenheim reaffirmed a “buy” rating on shares of HubSpot in a research report on Wednesday. Stifel Nicolaus raised their price target on HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Royal Bank of Canada raised their price target on HubSpot to $167.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 13th. JPMorgan Chase & Co. raised their price target on HubSpot to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 13th. Finally, Jefferies Financial Group lifted their target price on HubSpot to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $175.31.
In other HubSpot news, General Counsel John P. Kelleher sold 972 shares of HubSpot stock in a transaction on Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total value of $119,167.20. Following the completion of the transaction, the general counsel now directly owns 39,659 shares of the company’s stock, valued at approximately $4,862,193.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $137.86, for a total value of $570,740.40. Following the completion of the transaction, the director now directly owns 18,214 shares of the company’s stock, valued at $2,510,982.04. The disclosure for this sale can be found here. Insiders sold a total of 66,366 shares of company stock valued at $10,913,052 over the last 90 days. 9.60% of the stock is currently owned by corporate insiders.
HUBS stock traded up $7.56 during mid-day trading on Thursday, reaching $176.22. The company had a trading volume of 671,938 shares, compared to its average volume of 639,201. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. HubSpot Inc has a 52 week low of $101.45 and a 52 week high of $180.00. The company has a market cap of $6.77 billion, a price-to-earnings ratio of -172.76 and a beta of 1.91.
HubSpot (NYSE:HUBS) last issued 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 company had revenue of $144.02 million during 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 firm’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 EPS. On average, equities research analysts anticipate that HubSpot Inc will post -1.09 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “HubSpot Inc (NYSE:HUBS) Shares Sold by WINTON GROUP Ltd” was first posted by Fairfield Current and is owned by of Fairfield Current. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.fairfieldcurrent.com/news/2019/03/21/hubspot-inc-hubs-shares-sold-by-winton-group-ltd.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. 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.
Recommended Story: Diversification For Individual Investors
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.