Polar Capital LLP Boosts Stake in HubSpot Inc. (HUBS)
Polar Capital LLP increased its stake in HubSpot Inc. (NYSE:HUBS) by 73.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 509,966 shares of the company’s stock after buying an additional 215,118 shares during the period. Polar Capital LLP owned approximately 1.44% of HubSpot worth $22,138,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of HubSpot by 20.6% in the first quarter. Wellington Management Group LLP now owns 2,798,986 shares of the company’s stock worth $122,092,000 after buying an additional 478,539 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of HubSpot during the second quarter worth approximately $326,000. Jennison Associates LLC purchased a new stake in shares of HubSpot during the second quarter worth approximately $7,868,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of HubSpot during the second quarter worth approximately $200,000. Finally, Bank of Montreal Can purchased a new stake in shares of HubSpot during the second quarter worth approximately $4,707,000. 87.97% of the stock is owned by institutional investors.
HubSpot Inc. (NYSE:HUBS) traded up 0.52% on Friday, hitting $57.85. 408,000 shares of the company were exchanged. The company’s market capitalization is $2.06 billion. HubSpot Inc. has a 52 week low of $27.00 and a 52 week high of $60.11. The stock has a 50 day moving average of $54.50 and a 200 day moving average of $51.60.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.08. The business had revenue of $70.60 million for the quarter, compared to the consensus estimate of $67.93 million. HubSpot had a negative net margin of 16.95% and a negative return on equity of 34.53%. HubSpot’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period last year, the firm posted ($0.27) earnings per share. Analysts predict that HubSpot Inc. will post ($0.44) EPS for the current fiscal year.
A number of analysts have commented on HUBS shares. Morgan Stanley reiterated a “buy” rating on shares of HubSpot in a research note on Sunday, July 17th. Stifel Nicolaus started coverage on shares of HubSpot in a research note on Tuesday, July 19th. They issued a “buy” rating and a $61.00 price objective for the company.
Vetr lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating and set a $60.75 target price on the stock. in a report on Monday, August 1st. Rosenblatt Securities raised their target price on shares of HubSpot from $61.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $62.65.
In other HubSpot news, insider Hunter Madeley sold 800 shares of HubSpot stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $51.00, for a total transaction of $40,800.00. Following the transaction, the insider now directly owns 109,326 shares of the company’s stock, valued at $5,575,626. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Kinzer sold 10,000 shares of HubSpot stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $56.45, for a total transaction of $564,500.00. Following the transaction, the chief financial officer now directly owns 96,339 shares in the company, valued at $5,438,336.55. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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