Quantitative Investment Management LLC Takes $3.34 Million Position in HubSpot Inc (HUBS)

Quantitative Investment Management LLC acquired a new stake in HubSpot Inc (NYSE:HUBS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,800 shares of the software maker’s stock, valued at approximately $3,341,000. Quantitative Investment Management LLC owned 0.10% of HubSpot as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ETRADE Capital Management LLC acquired a new stake in HubSpot during the 3rd quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HubSpot by 35.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after acquiring an additional 606 shares during the period. Raymond James Trust N.A. acquired a new stake in HubSpot during the 4th quarter worth about $216,000. 361 Capital LLC acquired a new stake in HubSpot during the 3rd quarter worth about $222,000. Finally, Trexquant Investment LP acquired a new stake in HubSpot during the 3rd quarter worth about $222,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

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In related news, insider Hunter Madeley sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $95.35, for a total value of $667,450.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian Halligan sold 22,500 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $118.09, for a total transaction of $2,657,025.00. Following the completion of the transaction, the chief executive officer now directly owns 754,598 shares in the company, valued at approximately $89,110,477.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,500 shares of company stock worth $11,028,935. 12.10% of the stock is owned by insiders.

Shares of HUBS traded down $2.80 during trading hours on Friday, hitting $108.55. The stock had a trading volume of 229,775 shares, compared to its average volume of 583,308. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.38 and a quick ratio of 3.38. The company has a market cap of $4,215.51, a PE ratio of -106.42 and a beta of 1.93. HubSpot Inc has a 1-year low of $58.85 and a 1-year high of $124.45.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 13th. The software maker reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. HubSpot had a negative net margin of 10.57% and a negative return on equity of 16.27%. The business had revenue of $106.54 million for the quarter, compared to analysts’ expectations of $101.60 million. analysts expect that HubSpot Inc will post -1.26 EPS for the current fiscal year.

A number of analysts have weighed in on HUBS shares. UBS increased their price target on HubSpot from $103.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Morgan Stanley increased their price target on HubSpot from $105.00 to $107.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Needham & Company LLC increased their price target on HubSpot from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, ValuEngine upgraded HubSpot from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $96.19.

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About HubSpot

HubSpot, Inc provides cloud-based marketing and sales software platform that enables businesses to deliver an inbound experience. Its software platform features integrated applications to help businesses to convert visitors into leads, close leads into customers and customers to become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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