Wade G W & Inc. reduced its position in shares of HubSpot, Inc. (NYSE:HUBS) by 56.5% in the third quarter, Holdings Channel reports. The firm owned 1,055 shares of the software maker’s stock after selling 1,370 shares during the quarter. Wade G W & Inc.’s holdings in HubSpot were worth $308,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of HubSpot by 13.2% in the first quarter. Morgan Stanley now owns 214,136 shares of the software maker’s stock worth $28,520,000 after acquiring an additional 24,943 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of HubSpot by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 20,391 shares of the software maker’s stock worth $4,575,000 after acquiring an additional 879 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of HubSpot in the second quarter worth approximately $64,000. Parallel Advisors LLC grew its stake in shares of HubSpot by 5,164.7% in the second quarter. Parallel Advisors LLC now owns 895 shares of the software maker’s stock worth $200,000 after acquiring an additional 878 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of HubSpot in the second quarter worth approximately $27,000. Institutional investors and hedge funds own 92.05% of the company’s stock.
A number of analysts have recently commented on the stock. Citigroup lifted their price target on shares of HubSpot from $286.00 to $328.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Stifel Nicolaus boosted their target price on shares of HubSpot from $275.00 to $305.00 in a research report on Wednesday, September 23rd. Jyske Bank boosted their target price on shares of HubSpot from $240.00 to $300.00 in a research report on Wednesday, September 23rd. Mizuho boosted their target price on shares of HubSpot from $220.00 to $330.00 in a research report on Friday, November 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of HubSpot from $160.00 to $240.00 in a research report on Tuesday, August 4th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. HubSpot has an average rating of “Buy” and a consensus price target of $311.50.
HUBS stock opened at $348.23 on Tuesday. HubSpot, Inc. has a one year low of $90.83 and a one year high of $395.76. The company’s fifty day moving average price is $315.77 and its 200-day moving average price is $253.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.89 and a current ratio of 3.89. The company has a market capitalization of $15.98 billion, a PE ratio of -192.39 and a beta of 1.65.
HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 5th. The software maker reported $0.28 EPS for the quarter, topping the consensus estimate of $0.13 by $0.15. HubSpot had a negative net margin of 9.50% and a negative return on equity of 3.90%. The firm had revenue of $228.39 million for the quarter, compared to the consensus estimate of $210.86 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. On average, research analysts predict that HubSpot, Inc. will post -1.53 EPS for the current fiscal year.
In related news, insider Yamini Rangan sold 4,273 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $279.50, for a total transaction of $1,194,303.50. Following the sale, the insider now owns 62,124 shares of the company’s stock, valued at $17,363,658. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $310.00, for a total transaction of $2,635,000.00. Insiders sold 26,176 shares of company stock worth $7,666,784 in the last three months. Insiders own 8.30% of the company’s stock.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing, sales, and customer service 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.
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