Chicago Equity Partners LLC lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 80.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,810 shares of the software maker’s stock after selling 23,920 shares during the quarter. Chicago Equity Partners LLC’s holdings in HubSpot were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in HUBS. Zurcher Kantonalbank Zurich Cantonalbank grew its position in HubSpot by 35.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock valued at $206,000 after acquiring an additional 606 shares during the last quarter. Raymond James Trust N.A. bought a new position in HubSpot in the 4th quarter valued at $216,000. Sciencast Management LP bought a new position in HubSpot in the 4th quarter valued at $219,000. Advisor Group Inc. grew its position in HubSpot by 1,524.1% in the 4th quarter. Advisor Group Inc. now owns 3,037 shares of the software maker’s stock valued at $268,000 after acquiring an additional 2,850 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in HubSpot in the 4th quarter valued at $269,000. 96.05% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the company. UBS upped their target price on HubSpot from $103.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Needham & Company LLC upped their target price on HubSpot from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Canaccord Genuity upped their target price on HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus upped their target price on HubSpot from $88.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $96.00 target price (down from $99.00) on shares of HubSpot in a report on Tuesday, January 30th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. HubSpot has an average rating of “Buy” and an average target price of $108.57.
In related news, insider Dharmesh Shah sold 23,000 shares of HubSpot stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $108.19, for a total value of $2,488,370.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Donald Sherman sold 25,000 shares of HubSpot stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $118.11, for a total value of $2,952,750.00. Following the completion of the transaction, the insider now owns 122,605 shares of the company’s stock, valued at $14,480,876.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,793 shares of company stock valued at $13,486,224. 9.60% of the stock is currently owned by company insiders.
Shares of HubSpot opened at $113.55 on Monday, according to MarketBeat. HubSpot, Inc. has a twelve month low of $63.00 and a twelve month high of $124.45. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $4.36 billion, a PE ratio of -111.32 and a beta of 1.94.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, May 10th. The software maker reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. HubSpot had a negative return on equity of 15.17% and a negative net margin of 11.54%. The business had revenue of $114.56 million during the quarter, compared to analysts’ expectations of $109.89 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s revenue was up 39.3% on a year-over-year basis. research analysts anticipate that HubSpot, Inc. will post -1.15 EPS for the current year.
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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