Columbia Partners L.L.C. Investment Management increased its holdings in shares of HubSpot Inc (NYSE:HUBS) by 43.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,292 shares of the software maker’s stock after buying an additional 12,912 shares during the period. HubSpot comprises approximately 1.6% of Columbia Partners L.L.C. Investment Management’s investment portfolio, making the stock its 15th largest holding. Columbia Partners L.L.C. Investment Management owned approximately 0.11% of HubSpot worth $6,383,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its stake in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares during the last quarter. Flinton Capital Management LLC acquired a new position in HubSpot in the 2nd quarter valued at $108,000. Penserra Capital Management LLC acquired a new position in HubSpot in the 3rd quarter valued at $160,000. Meadow Creek Investment Management LLC acquired a new position in HubSpot in the 2nd quarter valued at $149,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in HubSpot in the 3rd quarter valued at $182,000. 93.62% of the stock is owned by hedge funds and other institutional investors.
In related news, General Counsel John P. Kelleher sold 508 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $144.75, for a total transaction of $73,533.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $152.33, for a total value of $630,646.20. Following the sale, the director now directly owns 18,214 shares of the company’s stock, valued at $2,774,538.62. The disclosure for this sale can be found here. Insiders have sold a total of 116,005 shares of company stock valued at $16,828,519 over the last three months. Corporate insiders own 9.60% of the company’s stock.
Several research firms recently commented on HUBS. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Wednesday, November 14th. Morgan Stanley increased their price objective on HubSpot from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Thursday, November 8th. Raymond James raised their target price on HubSpot from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Oppenheimer raised their target price on HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Finally, Royal Bank of Canada raised their target price on HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 8th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $147.13.
Shares of HUBS opened at $139.03 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. HubSpot Inc has a 52-week low of $73.15 and a 52-week high of $162.20.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. Equities analysts predict that HubSpot Inc will post -0.98 EPS for the current fiscal year.
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HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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