Stifel Financial Corp bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,035 shares of the software maker’s stock, valued at approximately $365,000.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of HubSpot by 24.9% in the first quarter. Bank of New York Mellon Corp now owns 965,891 shares of the software maker’s stock worth $58,485,000 after buying an additional 192,602 shares during the period. First Trust Advisors LP increased its stake in shares of HubSpot by 2,526.6% in the first quarter. First Trust Advisors LP now owns 796,410 shares of the software maker’s stock worth $48,223,000 after buying an additional 766,089 shares in the last quarter. GW&K Investment Management LLC increased its stake in shares of HubSpot by 0.5% in the first quarter. GW&K Investment Management LLC now owns 666,733 shares of the software maker’s stock worth $40,371,000 after buying an additional 3,502 shares in the last quarter. State Street Corp increased its stake in shares of HubSpot by 2.5% in the fourth quarter. State Street Corp now owns 504,219 shares of the software maker’s stock worth $23,699,000 after buying an additional 12,523 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of HubSpot during the fourth quarter worth $23,160,000. Institutional investors and hedge funds own 92.45% of the company’s stock.
Shares of HubSpot, Inc. (NYSE HUBS) traded down 0.55% on Friday, hitting $72.55. 461,363 shares of the stock traded hands. The stock has a 50 day moving average of $69.39 and a 200 day moving average of $63.55. The company’s market cap is $2.65 billion. HubSpot, Inc. has a one year low of $44.90 and a one year high of $78.50.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.11. The business had revenue of $82.25 million for the quarter, compared to the consensus estimate of $79.33 million. HubSpot had a negative net margin of 14.78% and a negative return on equity of 35.75%. Equities analysts anticipate that HubSpot, Inc. will post ($0.08) earnings per share for the current year.
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Several equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on HubSpot from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, July 20th. Stephens reaffirmed an “overweight” rating and set a $76.00 target price (up from $70.00) on shares of HubSpot in a research report on Thursday, May 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 target price (up from $64.00) on shares of HubSpot in a research report on Thursday, May 4th. Cowen and Company reissued a “market perform” rating and issued a $63.00 price objective (up from $53.00) on shares of HubSpot in a research report on Thursday, May 4th. Finally, CIBC reissued a “buy” rating and issued a $78.00 price objective on shares of HubSpot in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.29.
In related news, CFO John Kinzer sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $69.40, for a total transaction of $694,000.00. Following the completion of the sale, the chief financial officer now directly owns 81,658 shares in the company, valued at $5,667,065.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $67.10, for a total transaction of $67,100.00. Following the sale, the insider now owns 91,535 shares of the company’s stock, valued at $6,141,998.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,446 shares of company stock worth $2,873,944. Insiders own 18.50% of the company’s stock.
HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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