Alliancebernstein L.P. Sells 136,866 Shares of HubSpot, Inc. (HUBS)
Alliancebernstein L.P. lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,259,507 shares of the software maker’s stock after selling 136,866 shares during the quarter. Alliancebernstein L.P. owned 3.40% of HubSpot worth $82,813,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Nationwide Fund Advisors increased its holdings in HubSpot by 16.2% in the first quarter. Nationwide Fund Advisors now owns 107,735 shares of the software maker’s stock valued at $6,523,000 after buying an additional 14,988 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in HubSpot in the first quarter valued at $364,000. Bank of New York Mellon Corp increased its holdings in 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 valued at $58,485,000 after buying an additional 192,602 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in HubSpot by 147.3% in the first quarter. UBS Asset Management Americas Inc. now owns 12,862 shares of the software maker’s stock valued at $779,000 after buying an additional 7,662 shares during the last quarter. Finally, Teza Capital Management LLC purchased a new position in HubSpot in the first quarter valued at $250,000. 96.08% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. UBS AG reissued an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of HubSpot in a report on Wednesday, August 9th. Evercore ISI assumed coverage on HubSpot in a report on Friday, September 8th. They issued an “outperform” rating and a $90.00 target price on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of HubSpot in a report on Wednesday, August 9th. Canaccord Genuity increased their target price on HubSpot from $80.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $69.00 price objective (up previously from $63.00) on shares of HubSpot in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.29.
In other HubSpot news, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following the completion of the transaction, the chief executive officer now owns 806,787 shares in the company, valued at approximately $52,239,458.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $63.70, for a total transaction of $63,700.00. Following the completion of the transaction, the insider now owns 87,211 shares of the company’s stock, valued at approximately $5,555,340.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,899 shares of company stock valued at $4,247,680. Insiders own 18.50% of the company’s stock.
Shares of HubSpot, Inc. (HUBS) opened at 72.05 on Wednesday. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $78.50. The stock’s 50 day moving average is $70.91 and its 200 day moving average is $67.23. The firm’s market cap is $2.67 billion.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The business had revenue of $89.10 million during the quarter, compared to the consensus estimate of $85.80 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. On average, equities research analysts predict that HubSpot, Inc. will post $0.05 earnings per share for the current fiscal year.
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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