Addison Capital Co lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 1.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,054 shares of the software maker’s stock after selling 60 shares during the period. Addison Capital Co’s holdings in HubSpot were worth $1,387,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of HUBS. Guggenheim Capital LLC boosted its holdings in HubSpot by 17.8% in the third quarter. Guggenheim Capital LLC now owns 2,203 shares of the software maker’s stock valued at $644,000 after purchasing an additional 333 shares during the last quarter. AQR Capital Management LLC purchased a new position in HubSpot in the third quarter valued at about $1,801,000. Point72 Asset Management L.P. purchased a new position in HubSpot in the third quarter valued at about $818,000. Cubist Systematic Strategies LLC boosted its holdings in HubSpot by 10.0% in the third quarter. Cubist Systematic Strategies LLC now owns 19,819 shares of the software maker’s stock valued at $5,792,000 after purchasing an additional 1,809 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in HubSpot by 39.9% in the third quarter. Great West Life Assurance Co. Can now owns 19,341 shares of the software maker’s stock valued at $5,649,000 after purchasing an additional 5,515 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.
HUBS traded up $3.15 during trading hours on Monday, hitting $519.71. The company’s stock had a trading volume of 2,989 shares, compared to its average volume of 540,922. HubSpot, Inc. has a fifty-two week low of $133.23 and a fifty-two week high of $547.47. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $24.08 billion, a PE ratio of -286.79 and a beta of 1.78. The company has a 50-day simple moving average of $477.87 and a 200 day simple moving average of $395.13.
HubSpot (NYSE:HUBS) last posted its earnings results on Thursday, February 11th. The software maker reported $0.40 EPS for the quarter, beating the consensus estimate of ($0.42) by $0.82. HubSpot had a negative return on equity of 4.76% and a negative net margin of 9.78%. The firm had revenue of $252.07 million for the quarter, compared to analysts’ expectations of $236.36 million. Research analysts expect that HubSpot, Inc. will post -1.36 earnings per share for the current fiscal year.
A number of research analysts recently commented on HUBS shares. Piper Sandler increased their price target on HubSpot from $488.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Cowen upped their price objective on HubSpot from $400.00 to $510.00 in a research note on Friday, February 12th. Raymond James upgraded HubSpot from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $365.00 to $725.00 in a research note on Friday, February 12th. Citigroup upped their price objective on HubSpot from $425.00 to $545.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Finally, Bank of America assumed coverage on HubSpot in a research note on Thursday. They set a $600.00 price objective on the stock. One research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $465.79.
In other HubSpot news, insider Yamini Rangan sold 2,106 shares of the stock in a transaction on Tuesday, April 6th. The stock was sold at an average price of $468.60, for a total transaction of $986,871.60. Following the completion of the transaction, the insider now directly owns 52,216 shares of the company’s stock, valued at approximately $24,468,417.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, January 19th. The shares were sold at an average price of $386.35, for a total value of $3,283,975.00. Following the transaction, the chief executive officer now directly owns 657,119 shares of the company’s stock, valued at $253,877,925.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,706 shares of company stock valued at $18,984,218. 8.30% of the stock is currently owned by corporate insiders.
HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes marketing, sales, service, and content management systems, as well as integrated applications, such as 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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