Primecap Management Co. CA increased its holdings in HubSpot Inc (NYSE:HUBS) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 500,250 shares of the software maker’s stock after buying an additional 4,200 shares during the period. Primecap Management Co. CA owned about 1.28% of HubSpot worth $75,513,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of HUBS. DekaBank Deutsche Girozentrale boosted its stake in HubSpot by 85.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares during the period. American International Group Inc. boosted its stake in HubSpot by 1.8% during the 3rd quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock valued at $3,631,000 after purchasing an additional 434 shares during the period. Aperio Group LLC boosted its stake in HubSpot by 16.3% during the 2nd quarter. Aperio Group LLC now owns 3,835 shares of the software maker’s stock valued at $481,000 after purchasing an additional 537 shares during the period. Cambridge Trust Co. boosted its stake in HubSpot by 14.1% during the 2nd quarter. Cambridge Trust Co. now owns 5,234 shares of the software maker’s stock valued at $656,000 after purchasing an additional 646 shares during the period. Finally, MetLife Investment Advisors LLC boosted its stake in HubSpot by 4.6% during the 2nd quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock valued at $2,066,000 after purchasing an additional 719 shares during the period. 93.94% of the stock is owned by institutional investors and hedge funds.
In other HubSpot news, Director Ronald S. Gill sold 4,140 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $152.33, for a total transaction of $630,646.20. Following the sale, the director now directly owns 18,214 shares in the company, valued at approximately $2,774,538.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dharmesh Shah sold 27,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $125.50, for a total transaction of $3,388,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 116,005 shares of company stock worth $16,828,519 over the last 90 days. 9.60% of the stock is owned by insiders.
A number of research analysts have issued reports on HUBS shares. Oppenheimer boosted their target price on shares of HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Summit Insights reissued a “hold” rating on shares of HubSpot in a research note on Thursday, September 6th. Stifel Nicolaus boosted their target price on shares of HubSpot from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. UBS Group boosted their target price on shares of HubSpot from $132.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. Finally, Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. HubSpot has an average rating of “Buy” and an average price target of $147.13.
HUBS stock opened at $139.03 on Friday. HubSpot Inc has a 52 week low of $73.15 and a 52 week high of $162.20. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The company had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. During the same quarter last year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. Analysts forecast that HubSpot Inc will post -0.98 earnings per share for the current year.
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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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