Cooper Haims Advisors LLC purchased a new stake in shares of HubSpot Inc (NYSE:HUBS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,815 shares of the software maker’s stock, valued at approximately $1,964,000. HubSpot accounts for about 0.6% of Cooper Haims Advisors LLC’s holdings, making the stock its 29th largest position.
Other institutional investors have also recently made changes to their positions in the company. American International Group Inc. grew its stake in shares of HubSpot by 1.4% during the fourth quarter. American International Group Inc. now owns 24,381 shares of the software maker’s stock worth $3,065,000 after acquiring an additional 327 shares during the last quarter. Vista Equity Partners Management LLC lifted its holdings in shares of HubSpot by 40.5% during the fourth quarter. Vista Equity Partners Management LLC now owns 131,366 shares of the software maker’s stock worth $16,517,000 after purchasing an additional 37,888 shares during the period. Legal & General Group Plc lifted its holdings in shares of HubSpot by 7.3% during the third quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock worth $2,007,000 after purchasing an additional 904 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of HubSpot during the fourth quarter worth about $8,698,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in shares of HubSpot during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.
HUBS stock traded up $0.02 during trading on Wednesday, reaching $188.74. 236,617 shares of the stock traded hands, compared to its average volume of 559,484. HubSpot Inc has a 52-week low of $108.39 and a 52-week high of $192.49. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.83. The company has a market cap of $8.00 billion, a PE ratio of -185.04 and a beta of 1.91.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.10. The company had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $147.47 million. HubSpot had a negative return on equity of 10.68% and a negative net margin of 10.81%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities analysts forecast that HubSpot Inc will post -0.86 EPS for the current fiscal year.
HUBS has been the subject of a number of research reports. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Monday, February 4th. Canaccord Genuity lifted their target price on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Stephens set a $198.00 price target on HubSpot and gave the company a “buy” rating in a report on Wednesday, May 8th. Royal Bank of Canada boosted their price target on HubSpot from $167.00 to $187.00 and gave the company a “sector perform” rating in a report on Monday, May 6th. Finally, Raymond James boosted their price objective on HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $187.53.
In related news, insider Hunter Madeley sold 1,005 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $181.00, for a total value of $181,905.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total value of $4,218,250.00. Following the completion of the transaction, the chief executive officer now owns 777,390 shares in the company, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,763 shares of company stock worth $9,347,576. 9.60% of the stock is currently owned by insiders.
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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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