Oppenheimer Asset Management Inc. Has $338,000 Position in HubSpot Inc (HUBS)

Oppenheimer Asset Management Inc. boosted its holdings in HubSpot Inc (NYSE:HUBS) by 27.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,032 shares of the software maker’s stock after acquiring an additional 436 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in HubSpot were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HUBS. Ffcm LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $25,000. Executive Wealth Management LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $26,000. Sageworth Trust Co acquired a new position in shares of HubSpot during the 1st quarter valued at $38,000. CWM LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $40,000. Finally, First Hawaiian Bank acquired a new position in shares of HubSpot during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Several equities analysts have recently issued reports on the company. Piper Jaffray Companies lifted their price target on HubSpot from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Royal Bank of Canada lifted their price target on HubSpot from $167.00 to $187.00 and gave the company a “sector perform” rating in a research report on Monday. Morgan Stanley lifted their price target on HubSpot from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday. Deutsche Bank lifted their price target on HubSpot from $168.00 to $180.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Stephens set a $198.00 price target on HubSpot and gave the company a “buy” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. HubSpot currently has an average rating of “Buy” and an average target price of $187.53.

HUBS opened at $179.84 on Thursday. The firm has a market cap of $7.75 billion, a PE ratio of -176.31 and a beta of 1.91. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. HubSpot Inc has a fifty-two week low of $106.95 and a fifty-two week high of $186.96.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.10. The business had revenue of $151.80 million during the quarter, compared to analyst estimates of $147.47 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company’s revenue was up 32.5% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. Equities research analysts forecast that HubSpot Inc will post -1.1 earnings per share for the current fiscal year.

In other news, insider Dharmesh Shah sold 28,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $166.53, for a total value of $4,662,840.00. Following the completion of the sale, the insider now owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald S. Gill sold 4,133 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the completion of the sale, the director now directly owns 18,207 shares of the company’s stock, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,896 shares of company stock valued at $14,700,297. 9.60% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “Oppenheimer Asset Management Inc. Has $338,000 Position in HubSpot Inc (HUBS)” was originally reported by Finance Daily and is owned by of Finance Daily. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.fidaily.com/2019/05/09/oppenheimer-asset-management-inc-has-338000-position-in-hubspot-inc-hubs.html.

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.