Oppenheimer Asset Management Inc. lessened its stake in shares of HubSpot Inc (NYSE:HUBS) by 4.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,596 shares of the software maker’s stock after selling 68 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in HubSpot were worth $200,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of HubSpot by 46.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,670 shares of the software maker’s stock worth $6,982,000 after acquiring an additional 17,640 shares during the period. Bank of Montreal Can increased its stake in HubSpot by 34.6% in the 3rd quarter. Bank of Montreal Can now owns 19,930 shares of the software maker’s stock valued at $3,009,000 after buying an additional 5,126 shares during the period. Moody Lynn & Lieberson LLC acquired a new position in HubSpot in the 3rd quarter valued at approximately $634,000. Public Employees Retirement Association of Colorado increased its stake in HubSpot by 10.9% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 90,820 shares of the software maker’s stock valued at $13,709,000 after buying an additional 8,900 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in HubSpot in the 3rd quarter valued at approximately $452,000. 95.01% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Monday, January 28th. Needham & Company LLC restated a “buy” rating and set a $198.00 price target (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity increased their price target on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Deutsche Bank increased their price target on shares of 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 increased their price target on shares of HubSpot from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $170.29.
In other news, insider J Donald Sherman sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $127.08, for a total transaction of $1,906,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Halligan sold 15,277 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the transaction, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,643 shares of company stock valued at $10,482,822. Insiders own 9.60% of the company’s stock.
Shares of HubSpot stock opened at $166.04 on Tuesday. 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 Inc has a fifty-two week low of $101.45 and a fifty-two week high of $180.00. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of -162.78 and a beta of 1.92.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same period in the prior year, the firm earned $0.12 EPS. The business’s revenue was up 35.2% on a year-over-year basis. On average, equities research analysts expect that HubSpot Inc will post -1.09 earnings per share 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. 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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