Strs Ohio Has $1.20 Million Stake in HubSpot, Inc. (NYSE:HUBS)
Strs Ohio boosted its position in HubSpot, Inc. (NYSE:HUBS) by 1.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 18,200 shares of the software maker’s stock after buying an additional 300 shares during the period. Strs Ohio’s holdings in HubSpot were worth $1,196,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. Vista Equity Partners Management LLC raised its position in shares of HubSpot by 25.8% in the first quarter. Vista Equity Partners Management LLC now owns 161,953 shares of the software maker’s stock worth $9,806,000 after buying an additional 33,250 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of HubSpot during the first quarter worth $364,000. California Public Employees Retirement System acquired a new position in shares of HubSpot during the first quarter worth $11,632,000. Prudential Financial Inc. acquired a new position in shares of HubSpot during the first quarter worth $259,000. Finally, Juncture Wealth Strategies LLC raised its position in shares of HubSpot by 40.4% in the second quarter. Juncture Wealth Strategies LLC now owns 5,578 shares of the software maker’s stock worth $367,000 after buying an additional 1,605 shares during the period. Institutional investors own 96.19% of the company’s stock.
HubSpot, Inc. (NYSE:HUBS) opened at 67.35 on Monday. The company’s market capitalization is $2.49 billion. The firm has a 50-day moving average price of $69.85 and a 200 day moving average price of $64.98. HubSpot, Inc. has a 1-year low of $44.90 and a 1-year high of $78.50.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.08. The company had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. On average, equities analysts predict that HubSpot, Inc. will post $0.05 EPS for the current year.
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A number of equities analysts have weighed in on HUBS shares. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, May 1st. Oppenheimer Holdings Inc. set a $78.00 target price on HubSpot and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Summit Redstone reissued a “hold” rating on shares of HubSpot in a research report on Thursday, August 3rd. Stephens reissued an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of HubSpot in a research report on Thursday, May 4th. Finally, Morgan Stanley upped their price target on shares of HubSpot from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $72.19.
In other news, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $73.95, for a total value of $73,950.00. Following the transaction, the insider now owns 89,874 shares of the company’s stock, valued at approximately $6,646,182.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lorrie M. Norrington sold 4,899 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $65.25, for a total value of $319,659.75. Following the completion of the transaction, the director now directly owns 2,164 shares in the company, valued at approximately $141,201. The disclosure for this sale can be found here. Insiders have sold 47,899 shares of company stock worth $3,240,380 in the last three months. 18.50% of the stock is currently owned by corporate insiders.
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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