Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of HubSpot Inc. (NYSE:HUBS) during the second quarter, Holdings Channel reports. The firm bought 4,610 shares of the company’s stock, valued at approximately $200,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Glenmede Trust Co. NA acquired a new position in shares of HubSpot during the second quarter valued at about $188,000. First Trust Advisors LP acquired a new position in shares of HubSpot during the second quarter valued at about $331,000. Lebenthal Lisanti Capital Growth LLC raised its position in shares of HubSpot by 20.1% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 7,945 shares of the company’s stock valued at $345,000 after buying an additional 1,330 shares in the last quarter. Hershey Trust Co. acquired a new position in shares of HubSpot during the second quarter valued at about $377,000. Finally, Alpha Windward LLC acquired a new position in shares of HubSpot during the second quarter valued at about $383,000. 88.33% of the stock is currently owned by institutional investors.
Shares of HubSpot Inc. (NYSE:HUBS) traded up 2.20% during trading on Friday, reaching $57.62. The company’s stock had a trading volume of 197,207 shares. The company has a 50 day moving average price of $56.32 and a 200 day moving average price of $49.43. The firm’s market capitalization is $2.04 billion. HubSpot Inc. has a 52 week low of $27.00 and a 52 week high of $60.11.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.08. The company earned $65 million during the quarter, compared to the consensus estimate of $61.67 million. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. HubSpot’s revenue for the quarter was up 51.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.17) EPS. On average, equities research analysts expect that HubSpot Inc. will post ($0.53) EPS for the current fiscal year.
Several research analysts recently issued reports on the company. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, August 9th. Royal Bank Of Canada assumed coverage on HubSpot in a research report on Friday, June 10th. They set an “outperform” rating and a $62.00 target price on the stock. KeyCorp upped their target price on HubSpot from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, September 13th. Vetr lowered HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 price objective on the stock. in a report on Monday, August 8th. Finally, Stephens began coverage on HubSpot in a report on Tuesday, August 30th. They issued an “overweight” rating and a $65.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. HubSpot presently has an average rating of “Buy” and a consensus target price of $63.00.
In other news, insider J Donald Sherman sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $54.90, for a total value of $549,000.00. Following the completion of the sale, the insider now directly owns 95,985 shares of the company’s stock, valued at approximately $5,269,576.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 800 shares of the business’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $42.12, for a total value of $33,696.00. Following the completion of the sale, the insider now directly owns 116,478 shares of the company’s stock, valued at $4,906,053.36. The disclosure for this sale can be found here. 18.50% of the stock is owned by insiders.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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