Broderick Brian C bought a new position in HubSpot, Inc. (NYSE:HUBS – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the software maker’s stock, valued at approximately $270,000.
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A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Quantinno Capital Management LP grew its position in shares of HubSpot by 221.7% in the 3rd quarter. Quantinno Capital Management LP now owns 3,014 shares of the software maker’s stock valued at $814,000 after purchasing an additional 2,077 shares during the period. Huntington National Bank raised its holdings in shares of HubSpot by 173.1% during the third quarter. Huntington National Bank now owns 355 shares of the software maker’s stock worth $96,000 after acquiring an additional 225 shares during the period. Virtu Financial LLC boosted its stake in HubSpot by 334.9% in the 3rd quarter. Virtu Financial LLC now owns 8,859 shares of the software maker’s stock worth $2,393,000 after purchasing an additional 6,822 shares during the period. Inspire Investing LLC acquired a new position in shares of HubSpot during the third quarter worth about $1,609,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of HubSpot by 6.6% during the third quarter. Nisa Investment Advisors LLC now owns 3,090 shares of the software maker’s stock worth $833,000 after buying an additional 190 shares in the last quarter. 90.87% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other HubSpot news, CTO Dharmesh Shah sold 5,281 shares of the stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $356.26, for a total transaction of $1,881,409.06. Following the sale, the chief technology officer now directly owns 1,459,416 shares in the company, valued at $519,931,544.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Dharmesh Shah sold 5,281 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $356.26, for a total value of $1,881,409.06. Following the sale, the chief technology officer now directly owns 1,459,416 shares in the company, valued at approximately $519,931,544.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $309.80, for a total transaction of $2,633,300.00. Following the completion of the sale, the insider now owns 634,350 shares in the company, valued at $196,521,630. The disclosure for this sale can be found here. Insiders have sold 67,309 shares of company stock worth $20,357,963 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.
HubSpot Price Performance
NYSE:HUBS traded down $10.19 during mid-day trading on Tuesday, reaching $338.80. 43,138 shares of the company’s stock were exchanged, compared to its average volume of 672,152. HubSpot, Inc. has a one year low of $245.03 and a one year high of $596.17. The business’s fifty day simple moving average is $298.88 and its two-hundred day simple moving average is $302.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.34 and a quick ratio of 2.34.
HubSpot (NYSE:HUBS – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The software maker reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.09). HubSpot had a negative return on equity of 11.72% and a negative net margin of 6.96%. The business had revenue of $443.96 million for the quarter, compared to the consensus estimate of $425.43 million. Analysts forecast that HubSpot, Inc. will post -1.86 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on HUBS shares. UBS Group cut their target price on HubSpot from $430.00 to $385.00 in a research note on Thursday, November 3rd. Macquarie assumed coverage on shares of HubSpot in a research report on Wednesday, November 2nd. They issued an “outperform” rating and a $355.00 target price for the company. StockNews.com began coverage on shares of HubSpot in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company lowered their target price on HubSpot from $500.00 to $475.00 and set an “overweight” rating on the stock in a research report on Monday, October 31st. Finally, Cowen dropped their target price on HubSpot from $390.00 to $380.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $390.55.
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.
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