Ridgewood Investments LLC bought a new position in HubSpot Inc (NYSE:HUBS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,380 shares of the software maker’s stock, valued at approximately $219,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Brookfield Asset Management Inc. acquired a new stake in HubSpot in the second quarter worth $512,000. Vanguard Group Inc. increased its position in HubSpot by 8.0% in the second quarter. Vanguard Group Inc. now owns 4,143,177 shares of the software maker’s stock worth $706,494,000 after buying an additional 308,282 shares during the period. Steward Partners Investment Advisory LLC increased its position in HubSpot by 645.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 462 shares of the software maker’s stock worth $70,000 after buying an additional 400 shares during the period. Asset Management One Co. Ltd. acquired a new stake in HubSpot in the second quarter worth $567,000. Finally, Vista Equity Partners Management LLC grew its stake in shares of HubSpot by 18.9% in the third quarter. Vista Equity Partners Management LLC now owns 158,238 shares of the software maker’s stock worth $23,990,000 after purchasing an additional 25,100 shares in the last quarter. 90.84% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Kathryn Bueker sold 942 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $161.62, for a total transaction of $152,246.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $149.53, for a total value of $1,271,005.00. Following the transaction, the chief executive officer now directly owns 712,933 shares of the company’s stock, valued at approximately $106,604,871.49. The disclosure for this sale can be found here. Insiders have sold 17,943 shares of company stock valued at $2,756,888 in the last ninety days. Company insiders own 8.30% of the company’s stock.
Several research analysts have recently issued reports on HUBS shares. William Blair reissued an “outperform” rating on shares of HubSpot in a research note on Tuesday, November 5th. Mizuho started coverage on HubSpot in a research note on Thursday, January 9th. They issued a “buy” rating and a $205.00 price target for the company. Needham & Company LLC decreased their price target on HubSpot to $182.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Canaccord Genuity decreased their price target on HubSpot from $210.00 to $170.00 in a research note on Wednesday, November 6th. Finally, Piper Jaffray Companies started coverage on HubSpot in a research note on Tuesday, November 26th. They issued an “overweight” rating and a $186.00 price target for the company. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $195.42.
Shares of HUBS stock opened at $182.60 on Thursday. The stock has a 50-day simple moving average of $159.21 and a 200 day simple moving average of $167.02. HubSpot Inc has a fifty-two week low of $137.30 and a fifty-two week high of $207.98. The stock has a market capitalization of $7.69 billion, a P/E ratio of -179.02 and a beta of 1.59. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.89.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, November 5th. The software maker reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. HubSpot had a negative return on equity of 5.74% and a negative net margin of 8.68%. The business had revenue of $173.62 million during the quarter, compared to analysts’ expectations of $168.82 million. During the same quarter last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, sell-side analysts anticipate that HubSpot Inc will post -0.63 earnings per share for the current year.
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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