Nationwide Fund Advisors reduced its position in shares of HubSpot, Inc. (NYSE:HUBS) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,590 shares of the software maker’s stock after selling 4,629 shares during the period. Nationwide Fund Advisors owned 0.30% of HubSpot worth $9,463,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. ETF Managers Group LLC bought a new stake in HubSpot in the 2nd quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in HubSpot by 136.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after purchasing an additional 994 shares during the period. Sei Investments Co. boosted its holdings in HubSpot by 41.3% in the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after purchasing an additional 631 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in HubSpot by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after purchasing an additional 462 shares during the period. Finally, Laurion Capital Management LP bought a new stake in HubSpot in the 2nd quarter valued at $237,000. 93.23% of the stock is owned by institutional investors and hedge funds.
In other HubSpot news, CFO John Kinzer sold 10,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $78.75, for a total transaction of $787,500.00. Following the sale, the chief financial officer now owns 85,947 shares of the company’s stock, valued at approximately $6,768,326.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dharmesh Shah sold 20,000 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the insider now directly owns 1,716,316 shares in the company, valued at approximately $126,320,857.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock valued at $5,801,530 in the last quarter. 12.10% of the stock is currently owned by corporate insiders.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.15. The business had revenue of $97.73 million during the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The firm’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) EPS. equities research analysts forecast that HubSpot, Inc. will post -0.99 EPS for the current fiscal year.
A number of analysts have weighed in on the stock. Cowen increased their price target on shares of HubSpot from $69.00 to $76.00 and gave the company a “market perform” rating in a report on Thursday, September 28th. UBS restated an “outperform” rating and issued a $80.00 price objective (up previously from $78.00) on shares of HubSpot in a research note on Wednesday, August 9th. KeyCorp restated a “buy” rating and issued a $86.00 price objective on shares of HubSpot in a research note on Wednesday, September 27th. Oppenheimer restated a “buy” rating on shares of HubSpot in a research note on Wednesday, August 9th. Finally, Canaccord Genuity restated a “buy” rating and issued a $83.00 price objective on shares of HubSpot in a research note on Wednesday, September 27th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $84.82.
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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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