Canada Pension Plan Investment Board increased its stake in HubSpot, Inc. (NYSE:HUBS – Get Rating) by 169.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,000 shares of the software maker’s stock after acquiring an additional 2,518 shares during the quarter. Canada Pension Plan Investment Board’s holdings in HubSpot were worth $1,081,000 at the end of the most recent reporting period.
→ This Govt. Act Can Help Investors (From Investing Trends)
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its holdings in shares of HubSpot by 49.2% during the first quarter. Acadian Asset Management LLC now owns 704 shares of the software maker’s stock worth $333,000 after buying an additional 232 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of HubSpot during the first quarter worth $1,385,000. Raymond James Trust N.A. grew its holdings in shares of HubSpot by 12.3% during the first quarter. Raymond James Trust N.A. now owns 776 shares of the software maker’s stock worth $368,000 after buying an additional 85 shares in the last quarter. Cibc World Market Inc. purchased a new stake in shares of HubSpot during the first quarter worth $206,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of HubSpot by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 64,334 shares of the software maker’s stock worth $30,562,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.
Insider Transactions at HubSpot
In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $282.36, for a total value of $2,400,060.00. Following the transaction, the insider now directly owns 631,280 shares in the company, valued at approximately $178,248,220.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $282.36, for a total value of $2,400,060.00. Following the transaction, the insider now directly owns 631,280 shares in the company, valued at approximately $178,248,220.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Dharmesh Shah sold 6,528 shares of HubSpot stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $350.50, for a total transaction of $2,288,064.00. Following the completion of the transaction, the chief technology officer now owns 1,472,888 shares in the company, valued at $516,247,244. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,809 shares of company stock worth $17,779,233. Insiders own 5.60% of the company’s stock.
HubSpot Stock Performance
Shares of HUBS opened at $386.86 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $19.11 billion, a PE ratio of -164.62 and a beta of 1.59. The company’s 50 day simple moving average is $335.18 and its 200-day simple moving average is $309.81. HubSpot, Inc. has a 12-month low of $245.03 and a 12-month high of $546.95.
HubSpot (NYSE:HUBS – Get Rating) last announced its earnings results on Thursday, February 16th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.22. The business had revenue of $469.66 million for the quarter, compared to analyst estimates of $444.95 million. HubSpot had a negative net margin of 6.51% and a negative return on equity of 11.16%. As a group, equities analysts predict that HubSpot, Inc. will post -1.64 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on HUBS shares. UBS Group upped their price objective on shares of HubSpot from $385.00 to $430.00 in a report on Friday, February 17th. Credit Suisse Group upped their price objective on shares of HubSpot from $400.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, February 17th. Morgan Stanley upped their price objective on shares of HubSpot from $378.00 to $447.00 and gave the company an “overweight” rating in a report on Friday, February 17th. Macquarie started coverage on shares of HubSpot in a report on Wednesday, November 2nd. They issued an “outperform” rating and a $355.00 price objective for the company. Finally, Oppenheimer upped their price objective on shares of HubSpot from $375.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $422.65.
HubSpot Profile
HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005, and is headquartered in Cambridge, MA.
Read More
Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot, Inc. (NYSE:HUBS – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider HubSpot, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and HubSpot wasn’t on the list.
While HubSpot currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
