Strs Ohio raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 13.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,707 shares of the software maker’s stock after buying an additional 2,507 shares during the period. Strs Ohio owned about 0.06% of HubSpot worth $1,740,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HUBS. UBS Asset Management Americas Inc. boosted its position in HubSpot by 147.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 12,862 shares of the software maker’s stock valued at $779,000 after buying an additional 7,662 shares during the period. Prudential Financial Inc. purchased a new stake in shares of HubSpot in the 1st quarter worth about $259,000. Principal Financial Group Inc. purchased a new stake in shares of HubSpot in the 1st quarter worth about $252,000. Teachers Advisors LLC lifted its position in shares of HubSpot by 1.3% in the 1st quarter. Teachers Advisors LLC now owns 103,899 shares of the software maker’s stock worth $6,291,000 after purchasing an additional 1,323 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of HubSpot by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 2,529,027 shares of the software maker’s stock worth $153,132,000 after purchasing an additional 132,159 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The firm had revenue of $97.73 million for the quarter, compared to analyst estimates of $96.50 million. During the same quarter last year, the firm posted ($0.05) EPS. The business’s revenue was up 38.4% on a year-over-year basis.
In other news, CFO John Kinzer sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the transaction, the chief financial officer now owns 92,380 shares in the company, valued at approximately $6,210,707.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total value of $72,800.00. Following the transaction, the insider now owns 66,887 shares in the company, valued at approximately $4,869,373.60. The disclosure for this sale can be found here. Insiders have sold a total of 47,000 shares of company stock worth $3,425,100 in the last quarter. Insiders own 12.10% of the company’s stock.
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Several equities research analysts have recently commented on the stock. UBS AG reaffirmed a “buy” rating and issued a $93.00 target price on shares of HubSpot in a research report on Thursday. KeyCorp reaffirmed a “sector weight” rating on shares of HubSpot in a research report on Friday, October 13th. Morgan Stanley raised their target price on shares of HubSpot from $90.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, October 23rd. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Tuesday, October 3rd. Finally, TheStreet upgraded shares of HubSpot from a “d” rating to a “c-” rating in a research note on Monday, October 9th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $81.83.
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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