Virtu Financial LLC reduced its holdings in HubSpot Inc (NYSE:HUBS) by 17.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,422 shares of the software maker’s stock after selling 310 shares during the quarter. Virtu Financial LLC’s holdings in HubSpot were worth $236,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. American International Group Inc. increased its position in HubSpot by 1.4% in the 4th quarter. American International Group Inc. now owns 24,381 shares of the software maker’s stock valued at $3,065,000 after acquiring an additional 327 shares during the period. Vista Equity Partners Management LLC increased its position in shares of HubSpot by 40.5% during the fourth quarter. Vista Equity Partners Management LLC now owns 131,366 shares of the software maker’s stock worth $16,517,000 after buying an additional 37,888 shares during the period. Legal & General Group Plc increased its position in shares of HubSpot by 7.3% during the third quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock worth $2,007,000 after buying an additional 904 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of HubSpot during the fourth quarter worth $8,698,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in shares of HubSpot during the fourth quarter worth $51,000. Hedge funds and other institutional investors own 96.78% of the company’s stock.
Shares of NYSE HUBS opened at $178.72 on Friday. HubSpot Inc has a 12-month low of $104.10 and a 12-month high of $180.00. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30.
HubSpot (NYSE:HUBS) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $137.48 million. During the same period last year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, sell-side analysts forecast that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.
In related news, insider Dharmesh Shah sold 28,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the transaction, the insider now directly owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,005 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $160.54, for a total transaction of $161,342.70. The disclosure for this sale can be found here. Insiders sold 87,895 shares of company stock worth $14,671,594 over the last ninety days. Insiders own 9.60% of the company’s stock.
Several research firms have recently weighed in on HUBS. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Monday, January 28th. Needham & Company LLC reissued a “buy” rating and set a $198.00 target price (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity increased their target price 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 target price 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 target price 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. Eight 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 stock has a consensus rating of “Buy” and a consensus target price of $175.69.
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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.
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