Point72 Asset Management L.P. purchased a new stake in shares of HubSpot Inc (NYSE:HUBS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 98,471 shares of the software maker’s stock, valued at approximately $15,608,000. Point72 Asset Management L.P. owned 0.23% of HubSpot as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. FTB Advisors Inc. increased its stake in shares of HubSpot by 21.3% in the 4th quarter. FTB Advisors Inc. now owns 398 shares of the software maker’s stock valued at $63,000 after purchasing an additional 70 shares in the last quarter. Shine Investment Advisory Services Inc. grew its holdings in HubSpot by 90.0% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 171 shares of the software maker’s stock valued at $27,000 after purchasing an additional 81 shares during the period. Harbour Capital Advisors LLC grew its holdings in HubSpot by 0.7% in the fourth quarter. Harbour Capital Advisors LLC now owns 12,175 shares of the software maker’s stock valued at $1,930,000 after purchasing an additional 86 shares during the period. Piedmont Investment Advisors Inc. grew its holdings in HubSpot by 3.1% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 3,038 shares of the software maker’s stock valued at $482,000 after purchasing an additional 90 shares during the period. Finally, O Shares Investment Advisers LLC increased its position in shares of HubSpot by 3.6% in the fourth quarter. O Shares Investment Advisers LLC now owns 2,763 shares of the software maker’s stock valued at $438,000 after buying an additional 97 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.
Shares of NYSE HUBS traded up $5.53 during mid-day trading on Thursday, reaching $141.89. The company’s stock had a trading volume of 1,172,298 shares, compared to its average volume of 776,256. The stock has a 50-day moving average of $164.23 and a two-hundred day moving average of $161.61. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.44 and a current ratio of 3.44. The stock has a market capitalization of $6.19 billion, a P/E ratio of -111.72 and a beta of 1.39. HubSpot Inc has a 1-year low of $90.83 and a 1-year high of $207.98.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. HubSpot had a negative net margin of 7.96% and a negative return on equity of 3.67%. The company had revenue of $186.19 million during the quarter, compared to analysts’ expectations of $180.95 million. During the same quarter in the prior year, the company earned $0.37 EPS. HubSpot’s revenue was up 29.3% compared to the same quarter last year. Analysts predict that HubSpot Inc will post -1.19 EPS for the current fiscal year.
Several research analysts have recently weighed in on HUBS shares. Wells Fargo & Co reduced their target price on HubSpot from $190.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 11th. UBS Group reissued a “hold” rating and issued a $192.00 price target (up previously from $168.00) on shares of HubSpot in a report on Thursday, February 13th. Bank of America reissued a “buy” rating and issued a $220.00 price target on shares of HubSpot in a report on Tuesday, January 21st. ValuEngine upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. Finally, Cowen increased their price objective on shares of HubSpot from $155.00 to $178.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $195.91.
In other news, CFO Kathryn Bueker sold 942 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $161.62, for a total transaction of $152,246.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $183.01, for a total transaction of $1,555,585.00. Following the completion of the sale, the chief executive officer now directly owns 693,605 shares of the company’s stock, valued at approximately $126,936,651.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,318 shares of company stock valued at $3,437,301. Insiders own 8.30% of the company’s stock.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
Recommended Story: What are popular green investing opportunities?
Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.