New York State Common Retirement Fund raised its holdings in shares of HubSpot Inc (NYSE:HUBS) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,761 shares of the software maker’s stock after purchasing an additional 23,668 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of HubSpot worth $9,898,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in HUBS. FMR LLC grew its holdings in shares of HubSpot by 1.1% in the second quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock worth $360,394,000 after purchasing an additional 59,473 shares during the last quarter. Vanguard Group Inc. boosted its holdings in HubSpot by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after acquiring an additional 97,869 shares in the last quarter. First Trust Advisors LP boosted its holdings in HubSpot by 3.5% in the third quarter. First Trust Advisors LP now owns 892,071 shares of the software maker’s stock valued at $74,979,000 after acquiring an additional 30,290 shares in the last quarter. State Street Corp boosted its holdings in HubSpot by 17.4% in the second quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after acquiring an additional 92,448 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in HubSpot by 27.6% in the third quarter. Jennison Associates LLC now owns 539,838 shares of the software maker’s stock valued at $45,373,000 after acquiring an additional 116,861 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.
In other HubSpot news, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 796,119 shares of the company’s stock, valued at approximately $70,297,307.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $87.15, for a total value of $87,150.00. Following the completion of the transaction, the insider now directly owns 61,926 shares in the company, valued at approximately $5,396,850.90. The disclosure for this sale can be found here. Insiders have sold a total of 68,000 shares of company stock worth $5,843,480 over the last ninety days. Insiders own 12.10% of the company’s stock.
HubSpot Inc (NYSE:HUBS) traded up $1.75 during midday trading on Friday, reaching $92.65. The company had a trading volume of 217,679 shares, compared to its average volume of 288,667. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41. HubSpot Inc has a one year low of $49.40 and a one year high of $93.53. The stock has a market cap of $3,460.00, a PE ratio of -79.87 and a beta of 2.30.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.15. The company had revenue of $97.73 million for the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The firm’s revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) EPS. sell-side analysts predict that HubSpot Inc will post -0.99 earnings per share for the current fiscal year.
Several research firms recently weighed in on HUBS. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Tuesday, January 2nd. UBS Group reissued a “buy” rating and set a $93.00 price objective on shares of HubSpot in a research report on Thursday, November 2nd. Needham & Company LLC raised their price objective on HubSpot to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Canaccord Genuity lifted their price target on HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley lifted their price target on HubSpot from $93.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $85.06.
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.
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