Rhumbline Advisers decreased its holdings in shares of HubSpot Inc (NYSE:HUBS) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,822 shares of the software maker’s stock after selling 2,450 shares during the quarter. Rhumbline Advisers owned about 0.08% of HubSpot worth $4,954,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Flinton Capital Management LLC bought a new stake in shares of HubSpot in the 2nd quarter worth approximately $108,000. Penserra Capital Management LLC bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $160,000. Meadow Creek Investment Management LLC bought a new stake in shares of HubSpot in the 2nd quarter worth approximately $149,000. Harvest Fund Management Co. Ltd bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $182,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of HubSpot in the 2nd quarter worth approximately $161,000. Institutional investors own 93.62% of the company’s stock.
In related news, Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $152.33, for a total transaction of $630,646.20. Following the completion of the sale, the director now directly owns 18,214 shares of the company’s stock, valued at approximately $2,774,538.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider J Donald Sherman sold 25,000 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $159.73, for a total value of $3,993,250.00. Following the sale, the insider now directly owns 117,040 shares of the company’s stock, valued at $18,694,799.20. The disclosure for this sale can be found here. Insiders have sold a total of 115,005 shares of company stock valued at $16,680,615 in the last 90 days. 9.60% of the stock is owned by corporate insiders.
A number of brokerages have commented on HUBS. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Wednesday, November 14th. Morgan Stanley raised their price objective on HubSpot from $141.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 8th. Raymond James raised their price objective on HubSpot from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Oppenheimer raised their price objective on HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Finally, Royal Bank of Canada raised their price objective on HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 8th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $147.13.
HubSpot stock opened at $128.31 on Friday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37. The company has a market cap of $5.27 billion, a P/E ratio of -125.79 and a beta of 1.91. HubSpot Inc has a one year low of $82.15 and a one year high of $162.20.
HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.37). The company had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. HubSpot’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. On average, equities research analysts forecast that HubSpot Inc will post -0.98 EPS for the current fiscal year.
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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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