14 Sep Advisor Group Inc. Sells 59 Shares of HubSpot Inc (NYSE:HUB…
Advisor Group Inc. trimmed its position in HubSpot Inc (NYSE:HUBS) by 5.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 960 shares of the software maker’s stock after selling 59 shares during the period. Advisor Group Inc.’s holdings in HubSpot were worth $163,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBS. Harbour Capital Advisors LLC boosted its holdings in HubSpot by 0.9% in the second quarter. Harbour Capital Advisors LLC now owns 11,927 shares of the software maker’s stock worth $2,034,000 after purchasing an additional 112 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in HubSpot by 7.6% in the second quarter. Flagship Harbor Advisors LLC now owns 1,763 shares of the software maker’s stock worth $300,000 after purchasing an additional 125 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in HubSpot in the second quarter worth $34,000. Nordea Investment Management AB boosted its holdings in HubSpot by 0.8% in the first quarter. Nordea Investment Management AB now owns 33,562 shares of the software maker’s stock worth $5,578,000 after purchasing an additional 270 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in HubSpot by 16.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,414 shares of the software maker’s stock worth $412,000 after purchasing an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.
Shares of NYSE HUBS traded down $6.27 during midday trading on Friday, reaching $164.11. 649,697 shares of the stock were exchanged, compared to its average volume of 503,772. HubSpot Inc has a 12 month low of $108.39 and a 12 month high of $207.98. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.91. The business has a 50-day simple moving average of $188.14 and a two-hundred day simple moving average of $177.01.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.07. The firm had revenue of $163.30 million for the quarter, compared to analyst estimates of $157.26 million. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Equities research analysts predict that HubSpot Inc will post -0.74 EPS for the current year.
HUBS has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded shares of HubSpot from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $187.00 to $230.00 in a report on Thursday, September 5th. They noted that the move was a valuation call. UBS Group assumed coverage on shares of HubSpot in a report on Tuesday, August 13th. They set a “buy” rating for the company. Goldman Sachs Group assumed coverage on shares of HubSpot in a research note on Friday, June 7th. They issued a “buy” rating and a $223.00 target price for the company. Evercore ISI set a $175.00 target price on shares of HubSpot and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group increased their target price on shares of HubSpot from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $196.60.
In other HubSpot news, CFO Kathryn Bueker sold 1,306 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total value of $228,092.90. Following the completion of the sale, the chief financial officer now owns 39,520 shares of the company’s stock, valued at approximately $6,902,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hunter Madeley sold 1,008 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total transaction of $176,047.20. Following the completion of the sale, the insider now directly owns 33,817 shares of the company’s stock, valued at approximately $5,906,139.05. The disclosure for this sale can be found here. Insiders have sold a total of 141,147 shares of company stock worth $25,137,197 over the last 90 days. 8.30% of the stock is owned by company insiders.
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.