Mckinley Capital Management LLC Delaware purchased a new stake in shares of HubSpot Inc (NYSE:HUBS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 409 shares of the software maker’s stock, valued at approximately $51,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of HubSpot by 3.1% in 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 last quarter. Vanguard Group Inc grew its holdings in shares of HubSpot by 3.1% in 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 last quarter. Capital Research Global Investors grew its holdings in shares of HubSpot by 164.5% in the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of HubSpot by 2.2% in the fourth quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock worth $121,172,000 after purchasing an additional 20,323 shares during the last quarter. Finally, Scge Management L.P. grew its holdings in shares of HubSpot by 10.4% in the third quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock worth $132,632,000 after purchasing an additional 83,000 shares during the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.
In other HubSpot news, insider Dharmesh Shah sold 28,000 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the completion of the sale, the insider now directly owns 1,545,145 shares in the company, valued at approximately $257,312,996.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel John P. Kelleher sold 972 shares of the business’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total value of $119,167.20. Following the sale, the general counsel now owns 39,659 shares of the company’s stock, valued at $4,862,193.40. The disclosure for this sale can be found here. Insiders sold a total of 71,643 shares of company stock valued at $10,482,822 over the last quarter. 9.60% of the stock is owned by corporate insiders.
HubSpot stock traded down $1.35 on Friday, hitting $166.91. 702,715 shares of the stock traded hands, compared to its average volume of 648,102. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $6.61 billion, a P/E ratio of -163.64 and a beta of 1.91. HubSpot Inc has a 1 year low of $101.45 and a 1 year high of $180.00.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during 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%. HubSpot’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. Analysts predict that HubSpot Inc will post -1.09 earnings per share for the current year.
A number of analysts recently commented on HUBS shares. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Monday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price target (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity raised their price target on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Deutsche Bank raised their price target on HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, February 13th. Finally, Stifel Nicolaus raised their price target on HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $175.31.
COPYRIGHT VIOLATION NOTICE: “Mckinley Capital Management LLC Delaware Takes $51,000 Position in HubSpot Inc (NYSE:HUBS)” was originally published by Fairfield Current and is the property of of Fairfield Current. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.fairfieldcurrent.com/news/2019/03/17/mckinley-capital-management-llc-delaware-invests-51000-in-hubspot-inc-hubs-stock.html.
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.
Featured Story: Day 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.