Strs Ohio boosted its position in shares of HubSpot Inc (NYSE:HUBS) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,100 shares of the software maker’s stock after buying an additional 300 shares during the quarter. Strs Ohio’s holdings in HubSpot were worth $766,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new stake in shares of HubSpot in the fourth quarter valued at about $43,000. DekaBank Deutsche Girozentrale lifted its stake in shares of HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after buying an additional 385 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of HubSpot in the third quarter worth about $160,000. Harvest Fund Management Co. Ltd purchased a new position in shares of HubSpot in the third quarter worth about $182,000. Finally, Blair William & Co. IL purchased a new position in shares of HubSpot in the third quarter worth about $211,000. Institutional investors own 93.77% of the company’s stock.
Several equities analysts have recently weighed in on HUBS shares. Bank of America raised their price target on shares of HubSpot to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Morgan Stanley reduced their target price on shares of HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 23rd. Royal Bank of Canada lifted their target price on shares of HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 8th. Oppenheimer lifted their target price on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Finally, Raymond James lifted their target price on shares of HubSpot from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $144.62.
In other news, General Counsel John P. Kelleher sold 508 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total value of $70,378.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald S. Gill sold 4,140 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $132.54, for a total transaction of $548,715.60. Following the completion of the sale, the director now directly owns 18,214 shares in the company, valued at $2,414,083.56. The disclosure for this sale can be found here. Insiders sold a total of 73,770 shares of company stock worth $9,404,275 over the last three months. Insiders own 9.60% of the company’s stock.
Shares of HUBS stock opened at $164.58 on Thursday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. HubSpot Inc has a 12 month low of $85.65 and a 12 month high of $166.07. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of -161.35 and a beta of 1.92.
HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). The firm had revenue of $131.83 million for the quarter, compared to analysts’ expectations of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. HubSpot’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share. On average, research analysts anticipate that HubSpot Inc will post -0.97 EPS for the current fiscal year.
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HubSpot 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.
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