United Services Automobile Association decreased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 47.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,800 shares of the software maker’s stock after selling 4,300 shares during the period. United Services Automobile Association’s holdings in HubSpot were worth $291,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in HUBS. American International Group Inc. boosted its stake in shares of HubSpot by 5.2% in the first quarter. American International Group Inc. now owns 17,460 shares of the software maker’s stock worth $1,057,000 after buying an additional 862 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of HubSpot during the first quarter worth $365,000. Prudential Financial Inc. bought a new stake in shares of HubSpot during the first quarter worth $259,000. Ameritas Investment Partners Inc. bought a new stake in shares of HubSpot during the first quarter worth $151,000. Finally, Airain ltd bought a new stake in shares of HubSpot during the first quarter worth $333,000. Institutional investors and hedge funds own 92.48% of the company’s stock.
HubSpot, Inc. (NYSE:HUBS) opened at 73.60 on Friday. The company has a 50-day moving average of $69.48 and a 200-day moving average of $62.77. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $78.50. The stock’s market cap is $2.69 billion.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.11. The firm had revenue of $82.25 million during the quarter, compared to analysts’ expectations of $79.33 million. HubSpot had a negative return on equity of 35.75% and a negative net margin of 14.78%. On average, analysts predict that HubSpot, Inc. will post ($0.08) EPS for the current fiscal year.
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A number of equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of HubSpot from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday. SunTrust Banks, Inc. started coverage on shares of HubSpot in a research note on Monday, June 26th. They issued a “buy” rating and a $81.00 price objective for the company. CIBC reissued a “buy” rating and issued a $78.00 price objective on shares of HubSpot in a research note on Thursday, May 4th. Stephens reissued an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of HubSpot in a research note on Thursday, May 4th. Finally, Cowen and Company reissued a “market perform” rating and issued a $63.00 price objective (up previously from $53.00) on shares of HubSpot in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $70.29.
In other news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $63.70, for a total transaction of $63,700.00. Following the completion of the transaction, the insider now directly owns 87,211 shares in the company, valued at approximately $5,555,340.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lorrie M. Norrington sold 4,899 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $65.25, for a total value of $319,659.75. Following the transaction, the director now owns 2,164 shares of the company’s stock, valued at $141,201. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,446 shares of company stock valued at $3,260,644. 18.50% of the stock is owned by company insiders.
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.
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