Sheets Smith Wealth Management reduced its stake in shares of HubSpot Inc (NYSE:HUBS) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,020 shares of the software maker’s stock after selling 92 shares during the quarter. Sheets Smith Wealth Management’s holdings in HubSpot were worth $505,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First Hawaiian Bank purchased a new position in HubSpot in the 4th quarter worth about $43,000. Vanguard Group Inc increased its stake in HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after purchasing an additional 95,762 shares in the last quarter. Federated Investors Inc. PA increased its stake in HubSpot by 307.1% in the 3rd quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock worth $17,379,000 after purchasing an additional 86,846 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in HubSpot in the 3rd quarter worth about $214,000. Finally, Clearbridge Investments LLC increased its stake in HubSpot by 1.3% in the 3rd quarter. Clearbridge Investments LLC now owns 465,640 shares of the software maker’s stock worth $70,288,000 after purchasing an additional 6,097 shares in the last quarter. Institutional investors and hedge funds own 93.62% of the company’s stock.
A number of brokerages recently weighed in on HUBS. Bank of America lifted their price target on HubSpot to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Royal Bank of Canada lifted their target price on HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research note on Thursday, November 8th. Zacks Investment Research reaffirmed a “hold” rating on shares of HubSpot in a research note on Tuesday, November 13th. Morgan Stanley lifted their target price on HubSpot from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Thursday, November 8th. Finally, Jefferies Financial Group began coverage on HubSpot in a research note on Tuesday, October 2nd. They set a “buy” rating and a $182.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $147.13.
NYSE:HUBS opened at $140.00 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15. HubSpot Inc has a fifty-two week low of $85.65 and a fifty-two week high of $162.20. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of -137.25 and a beta of 1.80.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.37). The firm had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. As a group, equities analysts forecast that HubSpot Inc will post -0.98 earnings per share for the current fiscal year.
In other news, CEO Brian Halligan sold 15,277 shares of HubSpot stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the completion of the sale, the chief executive officer now directly owns 680,046 shares in the company, valued at approximately $83,768,066.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dharmesh Shah sold 27,000 shares of HubSpot stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $125.50, for a total value of $3,388,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,685 shares of company stock valued at $9,225,276. 9.60% of the stock is owned by corporate insiders.
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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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