Wasatch Advisors Inc. Has $57.17 Million Position in HubSpot Inc (HUBS)

Wasatch Advisors Inc. decreased its position in shares of HubSpot Inc (NYSE:HUBS) by 3.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 646,679 shares of the software maker’s stock after selling 21,431 shares during the quarter. Wasatch Advisors Inc. owned approximately 1.73% of HubSpot worth $57,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBS. Schwab Charles Investment Management Inc. lifted its stake in shares of HubSpot by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 140,467 shares of the software maker’s stock valued at $9,236,000 after buying an additional 7,425 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of HubSpot by 27.9% during the 2nd quarter. Legal & General Group Plc now owns 12,328 shares of the software maker’s stock valued at $808,000 after buying an additional 2,687 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of HubSpot by 555.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,272 shares of the software maker’s stock valued at $281,000 after buying an additional 3,620 shares in the last quarter. Federated Investors Inc. PA lifted its stake in shares of HubSpot by 90.0% during the 2nd quarter. Federated Investors Inc. PA now owns 6,597 shares of the software maker’s stock valued at $434,000 after buying an additional 3,125 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of HubSpot by 14.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,900 shares of the software maker’s stock valued at $322,000 after buying an additional 620 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

In other news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $88.30, for a total value of $2,207,500.00. Following the sale, the chief executive officer now directly owns 796,119 shares in the company, valued at approximately $70,297,307.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Julia Herendeen sold 1,000 shares of the business’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $89.15, for a total transaction of $89,150.00. Following the completion of the sale, the director now owns 5,540 shares in the company, valued at $493,891. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,000 shares of company stock worth $5,843,480. Insiders own 12.10% of the company’s stock.

Shares of HubSpot Inc (HUBS) opened at $93.25 on Wednesday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3,462.47, a price-to-earnings ratio of -80.39 and a beta of 2.30. HubSpot Inc has a fifty-two week low of $49.40 and a fifty-two week high of $94.35.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.15. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The firm had revenue of $97.73 million for the quarter, compared to the consensus estimate of $96.50 million. During the same period in the previous year, the firm posted ($0.05) EPS. The business’s quarterly revenue was up 38.4% on a year-over-year basis. equities research analysts predict that HubSpot Inc will post -0.99 earnings per share for the current year.

A number of research analysts recently weighed in on the stock. Cowen lifted their target price on shares of HubSpot from $69.00 to $76.00 and gave the company a “market perform” rating in a research note on Thursday, September 28th. KeyCorp reiterated a “buy” rating and issued a $86.00 price target on shares of HubSpot in a report on Wednesday, September 27th. UBS Group reiterated an “outperform” rating and issued a $82.00 price target (up from $80.00) on shares of HubSpot in a report on Wednesday, September 27th. Canaccord Genuity reiterated a “buy” rating and issued a $83.00 price target on shares of HubSpot in a report on Wednesday, September 27th. Finally, Oppenheimer reiterated a “buy” rating and issued a $82.00 price target on shares of HubSpot in a report on Wednesday, September 27th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $85.06.

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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.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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