Several other large investors have also bought and sold shares of the company. Capital Research Global Investors grew its position in HubSpot by 164.5% during the 3rd 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. Voya Investment Management LLC boosted its holdings in shares of HubSpot by 1,365.6% in the 2nd quarter. Voya Investment Management LLC now owns 221,971 shares of the software maker’s stock valued at $27,836,000 after acquiring an additional 206,826 shares during the last quarter. Scge Management L.P. boosted its holdings in shares of HubSpot by 25.2% in the 2nd quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock valued at $99,775,000 after acquiring an additional 160,200 shares during the last quarter. Soros Fund Management LLC purchased a new stake in shares of HubSpot in the 2nd quarter valued at $16,611,000. Finally, Jennison Associates LLC lifted its stake in shares of HubSpot by 8.1% in the 3rd quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock valued at $142,410,000 after purchasing an additional 70,430 shares during the period. Institutional investors and hedge funds own 93.63% of the company’s stock.
Several research firms recently issued reports on HUBS. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research note on Tuesday. Morgan Stanley boosted their target price on shares of HubSpot from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Thursday, November 8th. Raymond James boosted their target price on shares of HubSpot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Oppenheimer boosted their target price on shares of HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, Royal Bank of Canada upped their price objective on shares of HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 8th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $148.00.
In other news, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $137.61, for a total value of $137,610.00. Following the completion of the transaction, the insider now owns 36,797 shares of the company’s stock, valued at $5,063,635.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel John P. Kelleher sold 508 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $140.95, for a total transaction of $71,602.60. Following the completion of the transaction, the general counsel now directly owns 37,460 shares of the company’s stock, valued at approximately $5,279,987. The disclosure for this sale can be found here. In the last three months, insiders sold 73,884 shares of company stock valued at $9,389,695. Insiders own 9.60% of the company’s stock.
Shares of HUBS opened at $146.05 on Wednesday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37. HubSpot Inc has a 12-month low of $85.65 and a 12-month high of $162.20. The stock has a market capitalization of $5.53 billion, a P/E ratio of -143.19 and a beta of 1.80.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.37). The company had revenue of $131.83 million for the quarter, compared to analysts’ expectations of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. Equities research analysts anticipate that HubSpot Inc will post -0.98 EPS for the current 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. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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