Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new position in shares of HubSpot during the second quarter valued at approximately $51,977,000. First Trust Advisors LP increased its stake in shares of HubSpot by 13.4% during the second quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock valued at $174,951,000 after acquiring an additional 121,162 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of HubSpot by 386.7% during the second quarter. Canada Pension Plan Investment Board now owns 130,448 shares of the software maker’s stock valued at $22,244,000 after acquiring an additional 103,648 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of HubSpot by 357.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 115,927 shares of the software maker’s stock valued at $19,268,000 after acquiring an additional 90,590 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in shares of HubSpot by 79.1% during the second quarter. Allianz Asset Management GmbH now owns 129,889 shares of the software maker’s stock valued at $22,149,000 after acquiring an additional 57,349 shares during the period. 92.45% of the stock is currently owned by institutional investors.
In other HubSpot news, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total value of $1,631,915.00. Following the transaction, the chief executive officer now owns 743,404 shares in the company, valued at $142,726,133.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO J Donald Sherman sold 25,000 shares of HubSpot stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $173.76, for a total transaction of $4,344,000.00. Following the completion of the transaction, the chief operating officer now owns 114,008 shares in the company, valued at approximately $19,810,030.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,647 shares of company stock worth $23,627,172. 8.30% of the stock is currently owned by company insiders.
HubSpot stock opened at $163.50 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of -160.29 and a beta of 1.67. HubSpot Inc has a 1 year low of $108.39 and a 1 year high of $207.98. The firm’s 50 day moving average price is $186.87 and its two-hundred day moving average price is $176.93.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. The firm had revenue of $163.30 million for the quarter, compared to analyst estimates of $157.26 million. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, equities analysts predict that HubSpot Inc will post -0.74 EPS for the current fiscal year.
A number of research firms recently commented on HUBS. Evercore ISI set a $175.00 price objective on shares of HubSpot and gave the company a “hold” rating in a research note on Wednesday, August 7th. Goldman Sachs Group began coverage on shares of HubSpot in a research note on Friday, June 7th. They set a “buy” rating and a $223.00 price objective on the stock. Jefferies Financial Group raised their price objective on shares of HubSpot from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Cowen set a $170.00 price objective on shares of HubSpot and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, UBS Group began coverage on shares of HubSpot in a research note on Tuesday, August 13th. They set a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $196.60.
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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