Wells Fargo & Company MN trimmed its holdings in HubSpot Inc (NYSE:HUBS) by 80.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,947 shares of the software maker’s stock after selling 156,992 shares during the quarter. Wells Fargo & Company MN owned about 0.10% of HubSpot worth $5,880,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Aperio Group LLC raised its stake in HubSpot by 16.3% during the 2nd quarter. Aperio Group LLC now owns 3,835 shares of the software maker’s stock valued at $481,000 after purchasing an additional 537 shares during the period. MetLife Investment Advisors LLC raised its stake in HubSpot by 4.6% during the 2nd quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock valued at $2,066,000 after purchasing an additional 719 shares during the period. Raymond James & Associates raised its stake in HubSpot by 4.0% during the 2nd quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock valued at $2,564,000 after purchasing an additional 782 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in HubSpot by 7.9% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 11,636 shares of the software maker’s stock valued at $1,459,000 after purchasing an additional 855 shares during the period. Finally, Flinton Capital Management LLC acquired a new stake in HubSpot during the 2nd quarter valued at $108,000. 93.62% of the stock is owned by institutional investors and hedge funds.
HubSpot stock remained flat at $$140.00 during mid-day trading on Friday. 548,121 shares of the company’s stock traded hands, compared to its average volume of 508,703. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. HubSpot Inc has a 52-week low of $85.65 and a 52-week high of $162.20. The firm has a market capitalization of $5.43 billion, a P/E ratio of -137.25 and a beta of 1.80.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The firm had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm’s revenue was up 34.9% on a year-over-year basis. Equities research analysts forecast that HubSpot Inc will post -0.98 EPS for the current year.
In related news, General Counsel John P. Kelleher sold 972 shares of the stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total value of $119,167.20. Following the completion of the sale, the general counsel now owns 39,659 shares in the company, valued at $4,862,193.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald S. Gill sold 4,140 shares of the stock in a transaction dated 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 owns 18,214 shares of the company’s stock, valued at approximately $2,414,083.56. The disclosure for this sale can be found here. Insiders have sold 72,685 shares of company stock valued at $9,225,276 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.
HUBS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Wednesday, November 14th. Bank of America upped 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. Rosenblatt Securities initiated coverage on shares of HubSpot in a research note on Thursday, October 4th. They issued a “buy” rating and a $170.00 price target on the stock. UBS Group initiated coverage on shares of HubSpot in a research note on Thursday, October 4th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group initiated coverage on shares of HubSpot in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. HubSpot has a consensus rating of “Buy” and a consensus price target of $147.13.
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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. 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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