First Allied Advisory Services Inc. increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,725 shares of the software maker’s stock after purchasing an additional 3,118 shares during the period. First Allied Advisory Services Inc. owned approximately 0.07% of HubSpot worth $2,892,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in HUBS. Bank of New York Mellon Corp grew its stake in shares of HubSpot by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock worth $211,779,000 after purchasing an additional 229,182 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of HubSpot during the fourth quarter worth $15,095,000. Alliancebernstein L.P. grew its stake in shares of HubSpot by 9.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,233,632 shares of the software maker’s stock worth $109,053,000 after purchasing an additional 101,364 shares during the period. JPMorgan Chase & Co. grew its stake in shares of HubSpot by 18.3% during the first quarter. JPMorgan Chase & Co. now owns 621,163 shares of the software maker’s stock worth $67,272,000 after purchasing an additional 95,998 shares during the period. Finally, BlackRock Inc. grew its stake in shares of HubSpot by 3.2% during the fourth quarter. BlackRock Inc. now owns 2,302,801 shares of the software maker’s stock worth $203,569,000 after purchasing an additional 71,538 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.
HUBS opened at $134.65 on Friday. HubSpot, Inc. has a 52-week low of $63.00 and a 52-week high of $135.70. The stock has a market cap of $4.98 billion, a P/E ratio of -132.01 and a beta of 1.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.22 and a current ratio of 3.22.
HubSpot (NYSE:HUBS) last released its earnings results on Thursday, May 10th. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $114.56 million for the quarter, compared to analyst estimates of $109.89 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. HubSpot’s revenue was up 39.3% on a year-over-year basis. equities research analysts predict that HubSpot, Inc. will post -1.15 EPS for the current year.
A number of research analysts have issued reports on the company. Stifel Nicolaus boosted their target price on HubSpot from $122.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday. SunTrust Banks boosted their target price on HubSpot to $135.00 and gave the company a “buy” rating in a research note on Friday, May 11th. Canaccord Genuity boosted their target price on HubSpot from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 11th. ValuEngine upgraded HubSpot from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 8th. Finally, Needham & Company LLC boosted their price target on HubSpot and gave the company a “buy” rating in a report on Friday, May 11th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $110.07.
In other HubSpot news, insider J Donald Sherman sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $118.11, for a total value of $2,952,750.00. Following the sale, the insider now owns 122,605 shares in the company, valued at $14,480,876.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $121.25, for a total value of $121,250.00. The disclosure for this sale can be found here. Insiders have sold 118,793 shares of company stock worth $13,497,374 in the last quarter. 9.60% of the stock is currently owned by corporate insiders.
HubSpot Company Profile
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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