Teachers Advisors LLC Raises Position in HubSpot, Inc. (HUBS)

Teachers Advisors LLC boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,899 shares of the software maker’s stock after buying an additional 1,323 shares during the period. Teachers Advisors LLC owned about 0.29% of HubSpot worth $6,291,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of HUBS. Ameritas Investment Partners Inc. bought a new position in shares of HubSpot during the first quarter valued at about $151,000. Juncture Wealth Strategies LLC purchased a new stake in shares of HubSpot during the first quarter valued at $241,000. Solaris Asset Management LLC boosted its stake in shares of HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock valued at $244,000 after buying an additional 226 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of HubSpot during the first quarter valued at $250,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of HubSpot during the first quarter valued at $252,000. Institutional investors own 92.23% of the company’s stock.

HubSpot, Inc. (HUBS) traded up 2.20% on Friday, reaching $67.35. The company’s stock had a trading volume of 262,752 shares. The firm’s market cap is $2.49 billion. HubSpot, Inc. has a 12 month low of $44.90 and a 12 month high of $78.50. The firm has a 50 day moving average of $69.86 and a 200 day moving average of $64.85.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The business had revenue of $89.10 million for the quarter, compared to the consensus estimate of $85.80 million. During the same period in the previous year, the business earned ($0.07) earnings per share. The business’s revenue was up 37.1% on a year-over-year basis. Analysts anticipate that HubSpot, Inc. will post $0.05 earnings per share for the current year.

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A number of analysts have recently commented on HUBS shares. Guggenheim started coverage on HubSpot in a research note on Thursday, April 13th. They issued a “buy” rating and a $70.00 price target for the company. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, May 1st. Oppenheimer Holdings, Inc. set a $78.00 price objective on HubSpot and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price objective (up from $64.00) on shares of HubSpot in a research report on Thursday, May 4th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $63.00 price objective (up from $53.00) on shares of HubSpot in a research report on Thursday, May 4th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. HubSpot currently has an average rating of “Buy” and a consensus target price of $72.19.

In other HubSpot news, CFO John Kinzer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $69.40, for a total transaction of $694,000.00. Following the sale, the chief financial officer now directly owns 81,658 shares of the company’s stock, valued at $5,667,065.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $64.75, for a total value of $1,618,750.00. Following the sale, the chief executive officer now directly owns 806,787 shares in the company, valued at $52,239,458.25. The disclosure for this sale can be found here. Insiders sold 57,899 shares of company stock worth $3,934,380 over the last ninety days. Insiders own 18.50% of the company’s stock.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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