Invictus RG Acquires Shares of 3,415 HubSpot, Inc. (HUBS)
Invictus RG acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,415 shares of the software maker’s stock, valued at approximately $287,000.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of HubSpot by 145.0% in the second quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock valued at $155,602,000 after acquiring an additional 1,400,677 shares during the period. Frontier Capital Management Co. LLC bought a new stake in shares of HubSpot in the second quarter valued at about $23,440,000. Lord Abbett & CO. LLC boosted its position in shares of HubSpot by 74.6% in the second quarter. Lord Abbett & CO. LLC now owns 474,251 shares of the software maker’s stock valued at $31,182,000 after acquiring an additional 202,640 shares during the period. CI Global Investments Inc. boosted its position in shares of HubSpot by 344.7% in the third quarter. CI Global Investments Inc. now owns 200,100 shares of the software maker’s stock valued at $16,818,000 after acquiring an additional 155,100 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of HubSpot by 48.8% in the second quarter. Goldman Sachs Group Inc. now owns 378,892 shares of the software maker’s stock valued at $24,913,000 after acquiring an additional 124,238 shares during the period. 93.23% of the stock is owned by hedge funds and other institutional investors.
In other HubSpot news, CFO John Kinzer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $78.75, for a total transaction of $787,500.00. Following the completion of the transaction, the chief financial officer now owns 85,947 shares of the company’s stock, valued at $6,768,326.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the insider now directly owns 1,716,316 shares of the company’s stock, valued at approximately $126,320,857.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,000 shares of company stock valued at $5,801,530. Insiders own 12.10% of the company’s stock.
Shares of HubSpot, Inc. (HUBS) traded up $3.05 during midday trading on Thursday, reaching $80.50. The company’s stock had a trading volume of 741,700 shares, compared to its average volume of 437,065. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.55 and a quick ratio of 3.55. HubSpot, Inc. has a 12-month low of $44.90 and a 12-month high of $88.50.
HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. The firm had revenue of $97.73 million during the quarter, compared to the consensus estimate of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. sell-side analysts predict that HubSpot, Inc. will post -0.99 earnings per share for the current year.
A number of research firms recently commented on HUBS. Morgan Stanley boosted their price target on HubSpot from $90.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, October 23rd. UBS boosted their price target on HubSpot from $84.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Tuesday, October 3rd. Evercore ISI began coverage on HubSpot in a research note on Friday, September 8th. They issued an “outperform” rating and a $90.00 price target for the company. Finally, Needham & Company LLC boosted their price target on HubSpot to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.82.
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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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