Sei Investments Co. Has $142,000 Holdings in HubSpot, Inc. (HUBS)
Sei Investments Co. raised its position in HubSpot, Inc. (NYSE:HUBS) by 41.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,157 shares of the software maker’s stock after buying an additional 631 shares during the period. Sei Investments Co.’s holdings in HubSpot were worth $142,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its stake in HubSpot by 91.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,837 shares of the software maker’s stock valued at $252,000 after buying an additional 1,837 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in HubSpot by 15,658.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 724,894 shares of the software maker’s stock valued at $11,025,000 after buying an additional 720,294 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in HubSpot in the 2nd quarter valued at about $356,000. Strs Ohio increased its stake in HubSpot by 1.7% in the 2nd quarter. Strs Ohio now owns 18,200 shares of the software maker’s stock valued at $1,196,000 after buying an additional 300 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in HubSpot by 238.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 59,888 shares of the software maker’s stock valued at $3,937,000 after buying an additional 42,184 shares during the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.
Several equities research analysts have commented on HUBS shares. SunTrust Banks, Inc. started coverage on shares of HubSpot in a research note on Monday, June 26th. They issued a “buy” rating and a $81.00 price objective for the company. UBS AG reiterated a “buy” rating and issued a $84.00 price objective (up previously from $77.00) on shares of HubSpot in a research note on Thursday, August 3rd. Canaccord Genuity increased their price objective on shares of HubSpot from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 price objective on shares of HubSpot and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. HubSpot presently has a consensus rating of “Buy” and an average price target of $73.29.
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In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total transaction of $72,800.00. Following the completion of the sale, the insider now directly owns 66,887 shares of the company’s stock, valued at $4,869,373.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the sale, the chief executive officer now directly owns 806,787 shares of the company’s stock, valued at $52,239,458.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,899 shares of company stock valued at $4,247,680. 18.50% of the stock is owned by corporate insiders.
HubSpot, Inc. (NYSE:HUBS) opened at 72.05 on Wednesday. HubSpot, Inc. has a 12-month low of $44.90 and a 12-month high of $78.50. The company’s market capitalization is $2.67 billion. The company has a 50-day moving average of $70.91 and a 200 day moving average of $67.23.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $85.80 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The firm’s revenue was up 37.1% on a year-over-year basis. Equities research analysts forecast 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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