Xponance Inc. boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,448 shares of the software maker’s stock after acquiring an additional 117 shares during the quarter. Xponance Inc.’s holdings in HubSpot were worth $3,431,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in HUBS. Valley National Advisers Inc. boosted its stake in shares of HubSpot by 1,100.0% in the 1st quarter. Valley National Advisers Inc. now owns 72 shares of the software maker’s stock valued at $30,000 after purchasing an additional 66 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of HubSpot by 630.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 73 shares of the software maker’s stock valued at $31,000 after purchasing an additional 63 shares during the last quarter. Machina Capital S.A.S. bought a new position in shares of HubSpot in the 1st quarter valued at about $34,000. CI Investments Inc. boosted its stake in shares of HubSpot by 113.8% in the 4th quarter. CI Investments Inc. now owns 124 shares of the software maker’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of HubSpot by 333.3% in the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.
Wall Street Analyst Weigh In
HUBS has been the topic of several recent analyst reports. Bank of America lifted their price objective on shares of HubSpot from $635.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. JPMorgan Chase & Co. lifted their price objective on shares of HubSpot from $485.00 to $560.00 and gave the stock an “overweight” rating in a research note on Thursday, September 7th. Piper Sandler reissued a “neutral” rating and set a $520.00 price objective on shares of HubSpot in a research note on Thursday, September 7th. Needham & Company LLC lifted their price objective on shares of HubSpot from $570.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Finally, Argus lifted their price objective on shares of HubSpot from $550.00 to $604.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $539.76.
Insider Buying and Selling
In other HubSpot news, CTO Dharmesh Shah sold 20,000 shares of HubSpot stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $505.71, for a total transaction of $10,114,200.00. Following the completion of the transaction, the chief technology officer now directly owns 1,411,014 shares of the company’s stock, valued at $713,563,889.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other HubSpot news, CTO Dharmesh Shah sold 20,000 shares of HubSpot stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $505.71, for a total transaction of $10,114,200.00. Following the completion of the transaction, the chief technology officer now directly owns 1,411,014 shares of the company’s stock, valued at $713,563,889.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $556.69, for a total transaction of $4,731,865.00. Following the transaction, the insider now directly owns 586,876 shares of the company’s stock, valued at $326,708,000.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,402 shares of company stock worth $26,570,878. Insiders own 4.90% of the company’s stock.
HubSpot Price Performance
Shares of HUBS opened at $482.39 on Monday. The company has a market cap of $24.12 billion, a price-to-earnings ratio of -116.52 and a beta of 1.58. HubSpot, Inc. has a 1-year low of $245.03 and a 1-year high of $581.40. The company’s fifty day simple moving average is $524.98 and its 200 day simple moving average is $484.01. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.42.
HubSpot (NYSE:HUBS – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The software maker reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.27). The firm had revenue of $529.14 million for the quarter, compared to analyst estimates of $504.45 million. HubSpot had a negative return on equity of 11.28% and a negative net margin of 10.51%. On average, research analysts forecast that HubSpot, Inc. will post -1.42 earnings per share for the current fiscal year.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes marketing, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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