Vista Equity Partners Management LLC Sells 3,476 Shares of HubSpot Inc (NYSE:HUBS)

Share on StockTwits

Vista Equity Partners Management LLC decreased its stake in shares of HubSpot Inc (NYSE:HUBS) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,769 shares of the software maker’s stock after selling 3,476 shares during the period. HubSpot makes up 1.7% of Vista Equity Partners Management LLC’s investment portfolio, making the stock its 11th largest holding. Vista Equity Partners Management LLC owned approximately 0.38% of HubSpot worth $15,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings 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 valued at $211,779,000 after purchasing an additional 229,182 shares during the last quarter. Lord Abbett & CO. LLC grew its position in HubSpot by 28.4% during the first quarter. Lord Abbett & CO. LLC now owns 719,878 shares of the software maker’s stock valued at $77,963,000 after buying an additional 159,065 shares during the period. Alliancebernstein L.P. grew its position in HubSpot by 9.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,233,632 shares of the software maker’s stock valued at $109,053,000 after buying an additional 101,364 shares during the period. JPMorgan Chase & Co. grew its position in HubSpot by 18.3% during the first quarter. JPMorgan Chase & Co. now owns 621,163 shares of the software maker’s stock valued at $67,272,000 after buying an additional 95,998 shares during the period. Finally, Victory Capital Management Inc. grew its position in HubSpot by 49.3% during the first quarter. Victory Capital Management Inc. now owns 254,990 shares of the software maker’s stock valued at $27,615,000 after buying an additional 84,230 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. SunTrust Banks boosted their target price on shares of HubSpot to $135.00 and gave the company a “buy” rating in a research report on Friday, May 11th. Stifel Nicolaus upped their price target on shares of HubSpot from $122.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, June 14th. Canaccord Genuity upped their price target on shares of HubSpot from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. ValuEngine upgraded shares of HubSpot from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 8th. Finally, Needham & Company LLC upped their target price on shares of HubSpot and gave the stock a “buy” rating in a research 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 issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $110.07.

NYSE HUBS opened at $125.40 on Friday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $4.86 billion, a PE ratio of -122.94 and a beta of 1.98. HubSpot Inc has a 12 month low of $63.00 and a 12 month high of $143.00.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, May 10th. The software maker reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. HubSpot had a negative net margin of 11.54% and a negative return on equity of 15.17%. 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 prior year, the business posted $0.03 earnings per share. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. equities research analysts anticipate that HubSpot Inc will post -1.15 earnings per share for the current year.

In other news, Director Julia Herendeen sold 495 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $111.55, for a total value of $55,217.25. Following the sale, the director now directly owns 4,899 shares in the company, valued at approximately $546,483.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dharmesh Shah sold 29,000 shares of the firm’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $124.87, for a total transaction of $3,621,230.00. Following the completion of the sale, the insider now owns 1,636,398 shares in the company, valued at $204,337,018.26. The disclosure for this sale can be found here. Insiders sold a total of 131,633 shares of company stock worth $16,297,368 over the last 90 days. Company insiders own 9.60% of the company’s stock.

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.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply