Aperio Group LLC boosted its position in shares of HubSpot Inc (NYSE:HUBS) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,904 shares of the software maker’s stock after buying an additional 741 shares during the quarter. Aperio Group LLC’s holdings in HubSpot were worth $1,348,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC grew its stake in HubSpot by 0.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 11,927 shares of the software maker’s stock worth $2,034,000 after acquiring an additional 112 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of HubSpot by 7.6% in the second quarter. Flagship Harbor Advisors LLC now owns 1,763 shares of the software maker’s stock valued at $300,000 after purchasing an additional 125 shares during the period. Duncker Streett & Co. Inc. bought a new position in HubSpot in the second quarter worth approximately $34,000. Nordea Investment Management AB grew its stake in HubSpot by 0.8% in the first quarter. Nordea Investment Management AB now owns 33,562 shares of the software maker’s stock worth $5,578,000 after purchasing an additional 270 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in HubSpot during the 1st quarter worth $53,000. Institutional investors and hedge funds own 93.21% of the company’s stock.
In other news, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $177.65, for a total transaction of $1,510,025.00. Following the completion of the sale, the chief executive officer now directly owns 753,902 shares in the company, valued at $133,930,690.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO J Donald Sherman sold 25,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $173.76, for a total value of $4,344,000.00. Following the completion of the transaction, the chief operating officer now owns 114,008 shares of the company’s stock, valued at approximately $19,810,030.08. The disclosure for this sale can be found here. Insiders have sold a total of 141,147 shares of company stock worth $25,137,197 over the last ninety days. 8.30% of the stock is currently owned by corporate insiders.
A number of brokerages have weighed in on HUBS. ValuEngine lowered HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Raymond James lifted their price objective on HubSpot from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. UBS Group began coverage on shares of HubSpot in a report on Tuesday, August 13th. They set a “buy” rating on the stock. Jefferies Financial Group raised their target price on shares of HubSpot from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Goldman Sachs Group initiated coverage on shares of HubSpot in a report on Friday, June 7th. They issued a “buy” rating and a $223.00 price target for the company. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $196.60.
NYSE HUBS opened at $168.70 on Wednesday. The company has a 50 day moving average price of $188.69 and a 200 day moving average price of $177.03. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.91. HubSpot Inc has a 52 week low of $108.39 and a 52 week high of $207.98. The firm has a market cap of $7.33 billion, a PE ratio of -165.39 and a beta of 1.66.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.07. The business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The business’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, equities research analysts anticipate that HubSpot Inc will post -0.74 earnings per share for the current fiscal year.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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