Ridgewood Investments LLC purchased a new position in shares of HubSpot Inc (NYSE:HUBS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,380 shares of the software maker’s stock, valued at approximately $219,000.
Several other large investors have also recently added to or reduced their stakes in the company. FTB Advisors Inc. raised its stake in HubSpot by 21.3% in the 4th quarter. FTB Advisors Inc. now owns 398 shares of the software maker’s stock valued at $63,000 after purchasing an additional 70 shares during the last quarter. Bailard Inc. raised its stake in HubSpot by 1.2% in the 3rd quarter. Bailard Inc. now owns 6,275 shares of the software maker’s stock valued at $951,000 after purchasing an additional 75 shares during the last quarter. BB&T Securities LLC raised its stake in HubSpot by 8.7% in the 3rd quarter. BB&T Securities LLC now owns 1,892 shares of the software maker’s stock valued at $285,000 after purchasing an additional 151 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in HubSpot by 1.4% in the 3rd quarter. Harbour Capital Advisors LLC now owns 12,089 shares of the software maker’s stock valued at $1,833,000 after purchasing an additional 162 shares during the last quarter. Finally, Strs Ohio raised its stake in HubSpot by 12.4% in the 3rd quarter. Strs Ohio now owns 1,659 shares of the software maker’s stock valued at $251,000 after purchasing an additional 183 shares during the last quarter. 90.84% of the stock is owned by institutional investors and hedge funds.
HUBS opened at $182.60 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.85 and a quick ratio of 3.85. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of -179.02 and a beta of 1.59. The business has a 50-day moving average of $159.21 and a two-hundred day moving average of $167.02. HubSpot Inc has a 12 month low of $137.30 and a 12 month high of $207.98.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. HubSpot had a negative return on equity of 5.74% and a negative net margin of 8.68%. The company had revenue of $173.62 million during the quarter, compared to analysts’ expectations of $168.82 million. During the same quarter in the previous year, the business earned $0.17 EPS. The firm’s revenue was up 31.7% on a year-over-year basis. Equities research analysts anticipate that HubSpot Inc will post -0.63 earnings per share for the current year.
In other news, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $149.53, for a total transaction of $1,271,005.00. Following the completion of the sale, the chief executive officer now owns 712,933 shares in the company, valued at approximately $106,604,871.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 942 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $161.62, for a total value of $152,246.04. The disclosure for this sale can be found here. Insiders have sold a total of 17,943 shares of company stock valued at $2,756,888 in the last quarter. Company insiders own 8.30% of the company’s stock.
HUBS has been the subject of several analyst reports. Jefferies Financial Group cut their target price on shares of HubSpot from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Piper Jaffray Companies initiated coverage on HubSpot in a report on Tuesday, November 26th. They issued an “overweight” rating and a $186.00 price target for the company. Raymond James restated an “outperform” rating on shares of HubSpot in a report on Wednesday, November 6th. Needham & Company LLC lowered their price target on HubSpot to $182.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Mizuho initiated coverage on HubSpot in a report on Thursday, January 9th. They issued a “buy” rating and a $205.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $195.42.
HubSpot Company Profile
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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