Renaissance Technologies LLC acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to its most recent filing with the SEC. The institutional investor acquired 94,900 shares of the software maker’s stock, valued at approximately $5,746,000. Renaissance Technologies LLC owned 0.26% of HubSpot as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its position in shares of HubSpot by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,941 shares of the software maker’s stock valued at $561,000 after buying an additional 130 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of HubSpot during the first quarter valued at approximately $364,000. California Public Employees Retirement System purchased a new position in shares of HubSpot during the first quarter valued at approximately $11,632,000. Ameriprise Financial Inc. increased its position in shares of HubSpot by 1.7% in the first quarter. Ameriprise Financial Inc. now owns 75,500 shares of the software maker’s stock valued at $4,571,000 after buying an additional 1,273 shares during the period. Finally, Prudential Financial Inc. purchased a new position in shares of HubSpot during the first quarter valued at approximately $259,000. 96.19% of the stock is owned by hedge funds and other institutional investors.
Shares of HubSpot, Inc. (NYSE HUBS) opened at 68.20 on Friday. The stock’s market cap is $2.53 billion. HubSpot, Inc. has a one year low of $44.90 and a one year high of $78.50. The firm has a 50-day moving average of $70.14 and a 200-day moving average of $65.61.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The business had revenue of $89.10 million during the quarter, compared to analyst estimates of $85.80 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. On average, equities research analysts expect that HubSpot, Inc. will post $0.05 earnings per share for the current fiscal year.
HUBS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, May 1st. 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. Summit Redstone reaffirmed a “hold” rating on shares of HubSpot in a research note on Thursday, August 3rd. Stephens reaffirmed an “overweight” rating and set a $76.00 price objective (up from $70.00) on shares of HubSpot in a research note on Thursday, May 4th. Finally, Morgan Stanley boosted their price target on shares of HubSpot from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $72.19.
In other news, CEO Brian Halligan sold 25,000 shares of HubSpot 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 transaction, the chief executive officer now owns 806,787 shares of the company’s stock, valued at approximately $52,239,458.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lorrie M. Norrington sold 4,899 shares of HubSpot stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $65.25, for a total transaction of $319,659.75. Following the completion of the transaction, the director now directly owns 2,164 shares in the company, valued at approximately $141,201. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,899 shares of company stock worth $4,248,830. Insiders own 18.50% of the company’s stock.
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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