Prudential Financial Inc. acquired a new position in HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to its most recent filing with the SEC. The firm acquired 4,280 shares of the software maker’s stock, valued at approximately $259,000.
A number of other institutional investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of HubSpot during the first quarter worth about $151,000. Juncture Wealth Strategies LLC acquired a new stake in shares of HubSpot during the first quarter worth $241,000. Solaris Asset Management LLC increased its stake in shares of HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock worth $244,000 after buying an additional 226 shares in the last quarter. Teza Capital Management LLC acquired a new stake in shares of HubSpot during the first quarter worth $250,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of HubSpot during the fourth quarter worth $310,000. Hedge funds and other institutional investors own 92.57% of the company’s stock.
HubSpot, Inc. (NYSE HUBS) opened at 71.85 on Friday. The stock’s 50 day moving average is $69.39 and its 200 day moving average is $64.17. The firm’s market cap is $2.63 billion. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $78.50.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $89.10 million during the quarter, compared to analyst estimates of $85.80 million. During the same period last year, the firm posted ($0.07) EPS. The business’s revenue was up 37.1% compared to the same quarter last year. Equities research analysts expect that HubSpot, Inc. will post $0.03 EPS for the current year.
A number of equities research analysts recently weighed in on the stock. Summit Redstone reaffirmed a “hold” rating on shares of HubSpot in a research report on Thursday. Cowen and Company restated a “market perform” rating and issued a $69.00 target price (up previously from $63.00) on shares of HubSpot in a research report on Friday. UBS AG restated a “buy” rating and issued a $84.00 target price (up previously from $77.00) on shares of HubSpot in a research report on Thursday. Canaccord Genuity upped their target price on shares of HubSpot from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Oppenheimer Holdings, Inc. set a $80.00 price target on shares of HubSpot and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.86.
In other HubSpot news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the completion of the transaction, the chief executive officer now owns 806,787 shares of the company’s stock, valued at approximately $52,239,458.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $73.95, for a total value of $73,950.00. Following the transaction, the insider now directly owns 89,874 shares of the company’s stock, valued at approximately $6,646,182.30. The disclosure for this sale can be found here. In the last three months, insiders sold 57,899 shares of company stock valued at $3,934,380. 18.50% of the stock is currently owned by insiders.
About HubSpot
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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