Oppenheimer Asset Management Inc. Trims Position in HubSpot Inc (NYSE:HUBS)

Oppenheimer Asset Management Inc. reduced its position in shares of HubSpot Inc (NYSE:HUBS) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund 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 institutional investors and hedge funds also recently modified their holdings of HUBS. Capital Research Global Investors grew its stake in shares of HubSpot by 164.5% during the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after acquiring an additional 1,181,611 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of HubSpot by 358.0% in the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after buying an additional 283,609 shares in the last quarter. Vanguard Group Inc increased its position 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 valued at $478,778,000 after buying an additional 95,762 shares in the last quarter. Vanguard Group Inc. increased its position 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 valued at $478,778,000 after buying an additional 95,762 shares in the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of HubSpot by 307.1% in the third quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock valued at $17,379,000 after buying an additional 86,846 shares in the last quarter. Institutional investors own 95.01% of the company’s stock.

In related news, Director Ronald S. Gill sold 4,140 shares of the stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $128.15, for a total transaction of $530,541.00. Following the transaction, the director now owns 18,214 shares of the company’s stock, valued at approximately $2,334,124.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel John P. Kelleher sold 508 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $138.54, for a total value of $70,378.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,763 shares of company stock worth $10,819,780. Corporate insiders own 9.60% of the company’s stock.

NYSE:HUBS traded up $3.49 during trading hours on Friday, hitting $168.76. The company had a trading volume of 563,666 shares, compared to its average volume of 768,465. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. The stock has a market cap of $6.69 billion, a P/E ratio of -165.45 and a beta of 1.92. HubSpot Inc has a 1 year low of $101.45 and a 1 year high of $180.00.

HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The company had revenue of $144.02 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. On average, equities analysts anticipate that HubSpot Inc will post -1.09 earnings per share for the current year.

A number of analysts have recently commented on the company. Stephens assumed coverage on HubSpot in a research report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price objective for the company. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. UBS Group reiterated a “hold” rating on shares of HubSpot in a research report on Wednesday, February 13th. Royal Bank of Canada boosted their price target on HubSpot to $167.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 13th. Finally, Canaccord Genuity boosted their price target on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. HubSpot presently has a consensus rating of “Buy” and an average price target of $170.29.

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HubSpot Company 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.