Rhumbline Advisers Acquires 5,005 Shares of HubSpot, Inc. (HUBS)
Rhumbline Advisers lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 15.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,539 shares of the software maker’s stock after buying an additional 5,005 shares during the period. Rhumbline Advisers owned about 0.10% of HubSpot worth $2,468,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of HUBS. Nationwide Fund Advisors boosted its stake in shares of HubSpot by 16.2% during the 1st quarter. Nationwide Fund Advisors now owns 107,735 shares of the software maker’s stock worth $6,523,000 after buying an additional 14,988 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of HubSpot during the 1st quarter worth about $364,000. Bank of New York Mellon Corp boosted its stake in shares of HubSpot by 24.9% during the 1st 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 last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of HubSpot by 147.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 12,862 shares of the software maker’s stock worth $779,000 after buying an additional 7,662 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of HubSpot during the 1st quarter worth about $250,000. Institutional investors own 96.08% of the company’s stock.
In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total value of $72,800.00. Following the transaction, the insider now directly owns 66,887 shares in the company, valued at $4,869,373.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lorrie M. Norrington sold 4,899 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $65.25, for a total transaction of $319,659.75. Following the completion of the transaction, the director now owns 2,164 shares in the company, valued at $141,201. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,899 shares of company stock worth $4,247,680. Corporate insiders own 18.50% of the company’s stock.
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A number of research firms have recently commented on HUBS. UBS AG restated a “buy” rating and set a $84.00 price objective (up from $77.00) on shares of HubSpot in a research note on Thursday, August 3rd. Cowen and Company restated a “market perform” rating and set a $69.00 price objective (up from $63.00) on shares of HubSpot in a research note on Friday, August 4th. BidaskClub downgraded shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Summit Redstone restated a “hold” rating on shares of HubSpot in a research note on Thursday, August 3rd. Finally, Canaccord Genuity upped their target price on shares of HubSpot from $80.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $73.29.
HubSpot, Inc. (NYSE:HUBS) opened at 72.05 on Wednesday. The company’s market capitalization is $2.67 billion. HubSpot, Inc. has a 12-month low of $44.90 and a 12-month high of $78.50. The firm has a 50-day moving average of $70.91 and a 200 day moving average of $67.23.
HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.08. The firm had revenue of $89.10 million for the quarter, compared to analysts’ expectations of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company’s quarterly revenue was up 37.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. Analysts forecast that HubSpot, Inc. will post $0.05 EPS 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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