Counterpoint Mutual Funds LLC bought a new position in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 264 shares of the software maker’s stock, valued at approximately $113,000.
Several other hedge funds have also bought and sold shares of HUBS. Durable Capital Partners LP acquired a new position in HubSpot during the first quarter valued at approximately $283,913,000. Tiger Global Management LLC acquired a new stake in HubSpot during the third quarter worth $160,530,000. Norges Bank bought a new stake in HubSpot in the fourth quarter valued at $141,314,000. Abdiel Capital Advisors LP boosted its holdings in shares of HubSpot by 42.5% during the fourth quarter. Abdiel Capital Advisors LP now owns 1,160,876 shares of the software maker’s stock valued at $335,644,000 after acquiring an additional 346,272 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of HubSpot by 33.6% during the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after acquiring an additional 284,039 shares during the period. Currently, 89.32% of the shares are owned by institutional investors and hedge funds.
HubSpot Commerce down 1.0%
NYSE:HUBS opened at $526.59 on Tuesday. The company’s 50-day moving average is $487.44 and its 200-day moving average is $406.95. The company has a quick ratio of 2.25, a current ratio of 2.25, and a debt-to-equity ratio of 0.43. HubSpot, Inc. it has a 12-month low of $245.03 and a 12-month high of $535.90. The company has a market cap of $26.14 billion, a price-to-earnings ratio of -179.72 and a beta of 1.57.
HubSpot (NYSE:HUBS – Free Report ) last announced its earnings results on Wednesday, May 3rd. The software maker reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $501.62 million during the quarter, compared to the consensus estimate of $474.55 million. HubSpot had a negative net margin of 7.71% and a negative return on equity of 10.48%. Equities analysts predict that HubSpot, Inc. it will post -1.83 EPS for the current year.
Wall Street analysts expect growth
Several equities research analysts have commented on the stock. TheStreet upgraded shares of HubSpot from a “d+” rating to a “c-” rating in a research note on Friday, May 5th. UBS Group upped their target price on HubSpot from $420.00 to $460.00 in a research note on Thursday, May 4th. Morgan Stanley boosted their price objective on shares of HubSpot from $447.00 to $466.00 and gave the stock an “overweight” rating in a report on Tuesday, March 21st. Piper Sandler reiterated an “overweight” rating and set a $450.00 target price on shares of HubSpot in a research report on Monday, March 6th. Finally, StockNews.com assumed coverage on HubSpot in a report on Thursday, May 18th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Moderate Buy” and an average price target of $422.50, according to MarketBeat data.
The experts make their bets
In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $422.65, for a total value of $3,592,525.00. Following the completion of the sale, the insider now directly owns 613,350 shares of the company’s stock, valued at $259,232,377.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other news, insider Dawson Alyssa Harvey sold 2,384 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $492.81, for a total transaction of $1,174,859.04. Following the completion of the transaction, the user now directly owns 11,371 shares of the company’s stock, valued at approximately $5,603,742.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, inside Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $422.65, for a total transaction of $3,592,525.00. Following the completion of the sale, the user now directly owns 613,350 shares in the company, valued at approximately $259,232,377.50. Disclosure of this sale can be found here. Insiders have sold a total of 30,636 shares of company stock valued at $14,943,052 in the last three months. Company insiders own 4.90% of the company’s stock.
HubSpot profile
(Free report)
HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe and Asia Pacific. The company’s CRM platform includes marketing, sales, service and content management systems, as well as integrated applications such as search engine optimization, blogging, website content management, messaging, chatbots, social networks , marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing tools and help desk, customer NPS surveys, analytics and reports
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