Public Employees Retirement Association of Colorado increased its position in HubSpot Inc (NYSE:HUBS) by 18.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,020 shares of the software maker’s stock after buying an additional 17,200 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.26% of HubSpot worth $17,954,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ffcm LLC bought a new stake in HubSpot in the fourth quarter valued at $25,000. Executive Wealth Management LLC bought a new stake in shares of HubSpot during the 4th quarter valued at $26,000. Sageworth Trust Co bought a new stake in shares of HubSpot during the 1st quarter valued at $38,000. CWM LLC bought a new stake in shares of HubSpot during the 4th quarter valued at $40,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of HubSpot during the 1st quarter valued at $53,000. 96.87% of the stock is currently owned by institutional investors.
In other HubSpot news, insider Hunter Madeley sold 1,005 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $161,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John P. Kelleher sold 389 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. In the last three months, insiders sold 87,895 shares of company stock valued at $14,671,594. 9.60% of the stock is owned by insiders.
Shares of HUBS traded up $3.69 during trading hours on Friday, hitting $183.35. The company had a trading volume of 1,531 shares, compared to its average volume of 572,190. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $7.60 billion, a PE ratio of -179.48 and a beta of 1.91. HubSpot Inc has a 52-week low of $105.35 and a 52-week high of $186.96.
HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. During the same quarter in the previous year, the firm earned $0.12 EPS. HubSpot’s revenue was up 35.2% on a year-over-year basis. As a group, sell-side analysts anticipate that HubSpot Inc will post -1.1 EPS for the current year.
HUBS has been the topic of a number of research reports. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Deutsche Bank initiated coverage on shares of HubSpot in a report on Friday, January 25th. They set a “hold” rating and a $150.00 target price on the stock. Bank of America restated a “buy” rating and set a $185.00 target price (up previously from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. CIBC restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $198.00 target price (up previously from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $177.12.
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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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