Russell Investments Group Ltd. reduced its position in shares of HubSpot Inc (NYSE:HUBS) by 27.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,412 shares of the software maker’s stock after selling 6,622 shares during the quarter. Russell Investments Group Ltd.’s holdings in HubSpot were worth $1,885,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of HubSpot by 3.2% during the 4th quarter. BlackRock Inc. now owns 2,302,801 shares of the software maker’s stock valued at $203,569,000 after purchasing an additional 71,538 shares during the period. JPMorgan Chase & Co. grew its stake in shares of HubSpot by 18.3% during the 1st quarter. JPMorgan Chase & Co. now owns 621,163 shares of the software maker’s stock valued at $67,272,000 after purchasing an additional 95,998 shares during the period. Northern Trust Corp grew its stake in shares of HubSpot by 1.5% during the 1st quarter. Northern Trust Corp now owns 443,805 shares of the software maker’s stock valued at $48,064,000 after purchasing an additional 6,424 shares during the period. Geode Capital Management LLC grew its stake in shares of HubSpot by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 283,862 shares of the software maker’s stock valued at $25,093,000 after purchasing an additional 13,416 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of HubSpot by 24.4% during the 4th quarter. Deutsche Bank AG now owns 271,797 shares of the software maker’s stock valued at $24,025,000 after purchasing an additional 53,375 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.
HubSpot opened at $130.00 on Friday, Marketbeat reports. HubSpot Inc has a twelve month low of $63.40 and a twelve month high of $143.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.22 and a current ratio of 3.22. The stock has a market cap of $4.95 billion, a PE ratio of -127.45 and a beta of 1.97.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Thursday, May 10th. The software maker reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. HubSpot had a negative return on equity of 15.17% and a negative net margin of 11.54%. The firm had revenue of $114.56 million for the quarter, compared to analysts’ expectations of $109.89 million. During the same period in the previous year, the firm earned $0.03 EPS. The business’s quarterly revenue was up 39.3% on a year-over-year basis. equities analysts forecast that HubSpot Inc will post -1.15 earnings per share for the current fiscal year.
In other news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $105.30, for a total transaction of $105,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dharmesh Shah sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $124.87, for a total value of $3,621,230.00. Following the completion of the transaction, the insider now directly owns 1,636,398 shares in the company, valued at $204,337,018.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,633 shares of company stock worth $16,314,318. Insiders own 9.60% of the company’s stock.
A number of equities research analysts have issued reports on the company. Stifel Nicolaus boosted their price target on HubSpot from $122.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Zacks Investment Research upgraded HubSpot from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Bank of America boosted their price target on HubSpot from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. Evercore ISI downgraded HubSpot from an “outperform” rating to an “in-line” rating and set a $90.00 price target for the company. in a research note on Monday, March 12th. They noted that the move was a valuation call. Finally, SunTrust Banks boosted their price target on HubSpot to $135.00 and gave the company a “buy” rating in a research note on Friday, May 11th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average target price of $110.07.
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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