PDT Partners LLC Sells 609 Shares of HubSpot, Inc. (HUBS)
PDT Partners LLC lessened its stake in HubSpot, Inc. (NYSE:HUBS) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,378 shares of the software maker’s stock after selling 609 shares during the period. PDT Partners LLC owned about 0.13% of HubSpot worth $3,115,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in HubSpot by 4.7% during the 2nd quarter. Stifel Financial Corp now owns 6,320 shares of the software maker’s stock valued at $418,000 after buying an additional 285 shares during the period. Strs Ohio increased its position in shares of HubSpot by 1.7% in the second quarter. Strs Ohio now owns 18,200 shares of the software maker’s stock valued at $1,196,000 after acquiring an additional 300 shares during the period. Prudential Financial Inc. increased its position in shares of HubSpot by 14.5% in the second quarter. Prudential Financial Inc. now owns 4,900 shares of the software maker’s stock valued at $322,000 after acquiring an additional 620 shares during the period. Sei Investments Co. increased its position in shares of HubSpot by 41.3% in the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after acquiring an additional 631 shares during the period. Finally, Amalgamated Bank increased its position in shares of HubSpot by 23.3% in the second quarter. Amalgamated Bank now owns 4,361 shares of the software maker’s stock valued at $287,000 after acquiring an additional 824 shares during the period. 96.08% of the stock is owned by institutional investors.
HubSpot, Inc. (NYSE:HUBS) opened at 84.45 on Tuesday. The company’s 50-day moving average is $72.92 and its 200-day moving average is $68.96. The stock’s market capitalization is $3.13 billion. HubSpot, Inc. has a 12 month low of $44.90 and a 12 month high of $86.90.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The business had revenue of $89.10 million for the quarter, compared to the consensus estimate of $85.80 million. During the same quarter in the prior year, the company earned ($0.07) EPS. The business’s revenue was up 37.1% compared to the same quarter last year. Equities research analysts forecast that HubSpot, Inc. will post $0.08 EPS for the current year.
A number of research firms have recently weighed in on HUBS. UBS AG reiterated an “outperform” rating and set a $80.00 target price (up from $78.00) on shares of HubSpot in a report on Wednesday, August 9th. SunTrust Banks, Inc. assumed coverage on HubSpot in a research note on Monday, June 26th. They issued a “buy” rating and a $81.00 target price on the stock. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Needham & Company LLC restated a “buy” rating and set a $80.00 price target on shares of HubSpot in a report on Tuesday, September 19th. Finally, Oppenheimer Holdings, Inc. set a $80.00 price target on HubSpot and gave the company a “buy” rating in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. HubSpot currently has a consensus rating of “Buy” and an average price target of $76.86.
In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $63.70, for a total transaction of $63,700.00. Following the transaction, the insider now directly owns 87,211 shares in the company, valued at approximately $5,555,340.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Kinzer sold 15,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the transaction, the chief financial officer now owns 92,380 shares in the company, valued at $6,210,707.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,000 shares of company stock worth $4,568,770. Insiders own 12.10% of the company’s stock.
HubSpot Company Profile
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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