HubSpot Inc (HUBS) Holdings Trimmed by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC cut its holdings in shares of HubSpot Inc (NYSE:HUBS) by 87.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,240 shares of the software maker’s stock after selling 15,004 shares during the period. Cubist Systematic Strategies LLC’s holdings in HubSpot were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Stifel Financial Corp lifted its holdings in HubSpot by 4.7% during the second quarter. Stifel Financial Corp now owns 6,320 shares of the software maker’s stock worth $418,000 after acquiring an additional 285 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in HubSpot by 18.5% during the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after acquiring an additional 462 shares in the last quarter. Prudential Financial Inc. lifted its holdings in HubSpot by 14.5% during the second quarter. Prudential Financial Inc. now owns 4,900 shares of the software maker’s stock worth $322,000 after acquiring an additional 620 shares in the last quarter. Rhumbline Advisers lifted its holdings in HubSpot by 1.7% during the third quarter. Rhumbline Advisers now owns 38,180 shares of the software maker’s stock worth $3,209,000 after acquiring an additional 641 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its holdings in HubSpot by 7.2% during the third quarter. Harbour Capital Advisors LLC now owns 11,820 shares of the software maker’s stock worth $993,000 after acquiring an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Shares of HubSpot Inc (HUBS) opened at $90.90 on Friday. The company has a market capitalization of $3,360.00, a PE ratio of -78.36 and a beta of 2.30. HubSpot Inc has a twelve month low of $49.40 and a twelve month high of $93.53. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15. The company had revenue of $97.73 million for the quarter, compared to analyst estimates of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. sell-side analysts anticipate that HubSpot Inc will post -0.99 EPS for the current year.

Several research analysts have weighed in on HUBS shares. UBS Group lifted their target price on HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Morgan Stanley lifted their target price on HubSpot from $90.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, October 23rd. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of HubSpot in a report on Tuesday, September 19th. Canaccord Genuity lifted their target price on HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average price target of $85.06.

In related news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $88.30, for a total value of $2,207,500.00. Following the sale, the chief executive officer now owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julia Herendeen sold 1,000 shares of HubSpot stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $89.15, for a total value of $89,150.00. Following the completion of the sale, the director now directly owns 5,540 shares in the company, valued at approximately $493,891. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,000 shares of company stock worth $5,843,480. Corporate insiders own 12.10% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “HubSpot Inc (HUBS) Holdings Trimmed by Cubist Systematic Strategies LLC” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2018/01/12/hubspot-inc-hubs-holdings-trimmed-by-cubist-systematic-strategies-llc.html.

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.

Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot Inc (NYSE:HUBS).

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit