Raymond James Financial Services Advisors Inc. decreased its position in shares of HubSpot Inc (NYSE:HUBS) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,734 shares of the software maker’s stock after selling 863 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in HubSpot were worth $1,062,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of HUBS. Spearhead Capital Advisors LLC purchased a new position in HubSpot in the second quarter worth about $271,000. Parallel Advisors LLC grew its position in 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 in the last quarter. Welch & Forbes LLC purchased a new position in HubSpot in the second quarter worth about $248,000. Exchange Traded Concepts LLC purchased a new position in HubSpot in the second quarter worth about $64,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in HubSpot in the second quarter worth about $314,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.
Shares of NYSE:HUBS opened at $234.61 on Friday. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of -166.39 and a beta of 1.62. HubSpot Inc has a 52 week low of $90.83 and a 52 week high of $243.58. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $223.07 and a 200 day moving average of $181.79.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. The company had revenue of $199.00 million during the quarter, compared to the consensus estimate of $190.89 million. HubSpot had a negative net margin of 8.36% and a negative return on equity of 4.48%. HubSpot’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, sell-side analysts expect that HubSpot Inc will post -1.58 EPS for the current year.
In other HubSpot news, CFO Kathryn Bueker sold 1,070 shares of HubSpot stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $235.39, for a total value of $251,867.30. Following the transaction, the chief financial officer now directly owns 41,608 shares of the company’s stock, valued at $9,794,107.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.23, for a total transaction of $1,829,455.00. Following the completion of the transaction, the chief executive officer now directly owns 711,264 shares in the company, valued at $153,085,350.72. The disclosure for this sale can be found here. Insiders sold 23,086 shares of company stock valued at $5,090,985 in the last three months. 8.30% of the stock is currently owned by insiders.
Several research analysts recently commented on the company. Citigroup assumed coverage on HubSpot in a research report on Thursday, July 16th. They issued a “buy” rating and a $286.00 price target for the company. Royal Bank of Canada boosted their target price on HubSpot from $185.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Raymond James restated a “buy” rating and set a $190.00 target price on shares of HubSpot in a research report on Thursday, June 4th. Needham & Company LLC boosted their target price on HubSpot from $175.00 to $202.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, SunTrust Banks dropped their target price on HubSpot from $221.00 to $190.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $202.76.
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.
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