Teachers Advisors LLC boosted its position in HubSpot, Inc. (NYSE:HUBS) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,899 shares of the software maker’s stock after buying an additional 1,323 shares during the period. Teachers Advisors LLC owned approximately 0.29% of HubSpot worth $6,291,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Solaris Asset Management LLC increased its position 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 worth $244,000 after buying an additional 226 shares during the period. DekaBank Deutsche Girozentrale bought a new position in HubSpot during the first quarter valued at $364,000. First Trust Advisors LP increased its position in HubSpot by 2,526.6% in the first quarter. First Trust Advisors LP now owns 796,410 shares of the software maker’s stock valued at $48,223,000 after buying an additional 766,089 shares during the period. Jennison Associates LLC increased its position in HubSpot by 18.9% in the first quarter. Jennison Associates LLC now owns 407,898 shares of the software maker’s stock valued at $24,698,000 after buying an additional 64,855 shares during the period. Finally, Profund Advisors LLC bought a new position in HubSpot during the first quarter valued at $1,053,000. Institutional investors and hedge funds own 96.19% of the company’s stock.
Shares of HubSpot, Inc. (HUBS) opened at 68.20 on Friday. The stock has a 50 day moving average of $70.14 and a 200 day moving average of $65.61. The stock’s market cap is $2.53 billion. HubSpot, Inc. has a 1-year low of $44.90 and a 1-year high of $78.50.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $89.10 million during the quarter, compared to analyst estimates of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) earnings per share. Equities research analysts forecast that HubSpot, Inc. will post $0.05 EPS for the current year.
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Several research analysts recently weighed in on the stock. UBS AG restated a “buy” rating and set a $84.00 price target (up previously from $77.00) on shares of HubSpot in a research report on Thursday, August 3rd. Cowen and Company restated a “market perform” rating and set a $63.00 price target (up previously from $53.00) on shares of HubSpot in a research report on Thursday, May 4th. Stifel Nicolaus restated a “buy” rating and set a $75.00 price target (up previously from $64.00) on shares of HubSpot in a research report on Thursday, May 4th. BidaskClub cut shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. set a $78.00 price objective on shares of HubSpot and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $72.19.
In related news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following the completion of the sale, the chief executive officer now directly owns 806,787 shares in the company, valued at $52,239,458.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $73.95, for a total transaction of $73,950.00. Following the completion of the sale, the insider now owns 89,874 shares of the company’s stock, valued at $6,646,182.30. The disclosure for this sale can be found here. In the last three months, insiders sold 62,899 shares of company stock valued at $4,248,830. Company insiders own 18.50% of the company’s stock.
HubSpot Company Profile
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.
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