Bailard Inc. cut its position in shares of HubSpot Inc (NYSE:HUBS) by 4.1% in the second quarter, HoldingsChannel.com reports. The firm owned 25,500 shares of the software maker’s stock after selling 1,100 shares during the quarter. Bailard Inc.’s holdings in HubSpot were worth $3,198,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. acquired a new stake in HubSpot in the 1st quarter valued at approximately $1,065,000. Inverness Counsel LLC NY acquired a new stake in HubSpot in the 1st quarter valued at approximately $364,000. BKS Advisors LLC acquired a new stake in HubSpot in the 1st quarter valued at approximately $379,000. SG Americas Securities LLC acquired a new stake in HubSpot in the 1st quarter valued at approximately $273,000. Finally, Mackay Shields LLC acquired a new stake in HubSpot in the 1st quarter valued at approximately $1,018,000. 93.34% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HUBS opened at $125.70 on Friday. HubSpot Inc has a 1-year low of $67.05 and a 1-year high of $143.00. The company has a market cap of $5.07 billion, a PE ratio of -122.55 and a beta of 1.90. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 1.35.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 1st. The software maker reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The company had revenue of $122.60 million for the quarter, compared to analyst estimates of $117.75 million. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. HubSpot’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. research analysts expect that HubSpot Inc will post -1.1 EPS for the current year.

Several analysts have recently weighed in on the company. Zacks Investment Research lowered HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Needham & Company LLC lifted their price objective on HubSpot from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Royal Bank of Canada lifted their price objective on HubSpot to $141.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 31st. Stifel Nicolaus lifted their price objective on HubSpot from $122.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, June 14th. Finally, Canaccord Genuity lifted their price objective on HubSpot from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 11th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and an average price target of $120.33.

In related news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $140.93, for a total value of $3,523,250.00. Following the sale, the chief executive officer now owns 735,116 shares of the company’s stock, valued at approximately $103,599,897.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel John P. Kelleher sold 408 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $120.00, for a total value of $48,960.00. Following the completion of the sale, the general counsel now directly owns 40,646 shares in the company, valued at approximately $4,877,520. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,019 shares of company stock worth $16,201,523. 9.60% of the stock is owned by insiders.

HubSpot Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

See Also: Earnings Per Share (EPS)

Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot Inc (NYSE:HUBS).

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.