Meeder Asset Management Inc. bought a new position in shares of HubSpot Inc (NYSE:HUBS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 320 shares of the software maker’s stock, valued at approximately $53,000.
A number of other institutional investors also recently bought and sold shares of HUBS. Dimensional Fund Advisors LP lifted its position in HubSpot by 11.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,990 shares of the software maker’s stock valued at $9,357,000 after buying an additional 6,320 shares during the period. Pacer Advisors Inc. purchased a new position in shares of HubSpot in the 3rd quarter worth about $331,000. Advisors Asset Management Inc. purchased a new position in shares of HubSpot in the 3rd quarter worth about $507,000. AQR Capital Management LLC raised its position in shares of HubSpot by 32.7% in the 3rd quarter. AQR Capital Management LLC now owns 19,407 shares of the software maker’s stock worth $2,929,000 after purchasing an additional 4,781 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of HubSpot by 35.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 11,130 shares of the software maker’s stock worth $1,680,000 after purchasing an additional 2,900 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on HUBS shares. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Monday, February 4th. Canaccord Genuity boosted their target price on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Royal Bank of Canada boosted their target price on HubSpot from $167.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Monday. Raymond James boosted their target price on HubSpot from $155.00 to $181.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $198.00 target price (up previously from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. HubSpot presently has a consensus rating of “Buy” and a consensus price target of $178.29.
In related news, General Counsel John P. Kelleher sold 390 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $181.00, for a total value of $70,590.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Hunter Madeley sold 1,005 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $181.00, for a total value of $181,905.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,896 shares of company stock worth $14,700,297. 9.60% of the stock is owned by insiders.
Shares of HubSpot stock traded down $5.73 during trading hours on Tuesday, reaching $180.37. 3,073 shares of the stock traded hands, compared to its average volume of 398,338. The company has a market cap of $7.75 billion, a P/E ratio of -177.63 and a beta of 1.91. HubSpot Inc has a one year low of $106.95 and a one year high of $186.96. 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 (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ 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 was up 35.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. Research analysts anticipate that HubSpot Inc will post -1.1 EPS for the current fiscal year.
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About HubSpot
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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