Several other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Ffcm LLC acquired a new position in HubSpot during the fourth quarter worth about $25,000. Executive Wealth Management LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at approximately $26,000. CWM LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at approximately $40,000. First Hawaiian Bank purchased a new stake in shares of HubSpot in the 4th quarter valued at approximately $43,000. Finally, Mckinley Capital Management LLC Delaware purchased a new stake in shares of HubSpot in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 96.77% of the company’s stock.
NYSE:HUBS traded down $0.63 during trading hours on Monday, reaching $165.37. 9,926 shares of the company’s stock were exchanged, compared to its average volume of 470,442. The stock has a market cap of $6.58 billion, a P/E ratio of -162.15 and a beta of 1.90. 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 1-year low of $101.45 and a 1-year high of $180.00.
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, topping the Zacks’ consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. Sell-side analysts expect that HubSpot Inc will post -1.09 EPS for the current fiscal year.
A number of research firms have recently issued reports on HUBS. Stephens began coverage on shares of HubSpot in a research note on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price target on the stock. Oppenheimer reissued a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. UBS Group reissued a “hold” rating on shares of HubSpot in a research note on Wednesday, February 13th. Royal Bank of Canada upped their target price on shares of HubSpot to $167.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Finally, Guggenheim reaffirmed a “buy” rating on shares of HubSpot in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $175.31.
In other news, insider Hunter Madeley sold 1,138 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $172.75, for a total value of $196,589.50. Following the completion of the transaction, the insider now owns 40,663 shares in the company, valued at approximately $7,024,533.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the completion of the transaction, the chief executive officer now owns 777,390 shares of the company’s stock, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,895 shares of company stock valued at $14,671,594. 9.60% of the stock is owned by insiders.
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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. 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.
Further Reading: Cost of Capital Explained
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