Public Employees Retirement System of Ohio grew its stake in HubSpot Inc (NYSE:HUBS) by 142.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,085 shares of the software maker’s stock after purchasing an additional 27,057 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.11% of HubSpot worth $7,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the business. Duncker Streett & Co. Inc. purchased a new position in HubSpot in the second quarter worth approximately $34,000. Capital Investment Advisory Services LLC acquired a new stake in shares of HubSpot during the second quarter worth $36,000. Pearl River Capital LLC acquired a new stake in shares of HubSpot during the second quarter worth $48,000. FTB Advisors Inc. grew its position in HubSpot by 58.8% in the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after buying an additional 130 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in HubSpot in the 2nd quarter valued at $115,000. 93.21% of the stock is owned by institutional investors and hedge funds.
In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the sale, the chief executive officer now owns 743,404 shares in the company, valued at approximately $142,726,133.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Hunter Madeley sold 1,008 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $174.65, for a total value of $176,047.20. Following the transaction, the insider now directly owns 33,817 shares of the company’s stock, valued at approximately $5,906,139.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 141,147 shares of company stock worth $25,137,197. 8.30% of the stock is owned by corporate insiders.
A number of brokerages have commented on HUBS. Morgan Stanley upped their price objective on shares of HubSpot from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Cowen set a $170.00 target price on shares of HubSpot and gave the company a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada upgraded shares of HubSpot from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $187.00 to $230.00 in a research note on Thursday, September 5th. They noted that the move was a valuation call. UBS Group started coverage on shares of HubSpot in a report on Tuesday, August 13th. They set a “buy” rating for the company. Finally, Goldman Sachs Group began coverage on shares of HubSpot in a research report on Friday, June 7th. They issued a “buy” rating and a $223.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $196.60.
HubSpot stock traded up $2.11 during trading hours on Wednesday, hitting $170.81. The stock had a trading volume of 28,365 shares, compared to its average volume of 479,534. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of -167.72 and a beta of 1.67. HubSpot Inc has a 1-year low of $108.39 and a 1-year high of $207.98. The stock’s fifty day moving average is $188.69 and its two-hundred day moving average is $177.03.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.07. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The business had revenue of $163.30 million during the quarter, compared to the consensus estimate of $157.26 million. During the same quarter in the previous year, the company posted $0.19 EPS. The business’s revenue was up 33.2% on a year-over-year basis. As a group, sell-side analysts anticipate that HubSpot Inc will post -0.74 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. 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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