Westpac Banking Corp purchased a new position in shares of HubSpot Inc. (NYSE:HUBS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,508 shares of the company’s stock, valued at approximately $326,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Teacher Retirement System of Texas raised its stake in shares of HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock worth $137,000 after buying an additional 1,270 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in shares of HubSpot during the second quarter worth $188,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of HubSpot during the second quarter worth $200,000. Prudential Financial Inc. increased its position in shares of HubSpot by 11.1% in the second quarter. Prudential Financial Inc. now owns 5,507 shares of the company’s stock worth $239,000 after buying an additional 550 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of HubSpot during the second quarter worth $331,000. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HubSpot Inc. (NYSE:HUBS) opened at 57.55 on Friday. HubSpot Inc. has a 52-week low of $27.00 and a 52-week high of $60.11. The company’s market cap is $2.03 billion. The company’s 50-day moving average is $56.33 and its 200 day moving average is $49.88.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.08. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The business had revenue of $65 million for the quarter, compared to analysts’ expectations of $61.67 million. During the same period last year, the business earned ($0.17) EPS. The business’s revenue was up 51.4% on a year-over-year basis. On average, analysts anticipate that HubSpot Inc. will post ($0.53) EPS for the current year.
HUBS has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of HubSpot in a report on Tuesday, July 19th. They set a “buy” rating and a $61.00 target price on the stock.
Needham & Company LLC initiated coverage on shares of HubSpot in a report on Monday, June 13th. They set a “buy” rating and a $60.00 target price on the stock. Rosenblatt Securities boosted their target price on shares of HubSpot from $61.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Morgan Stanley restated a “buy” rating on shares of HubSpot in a report on Friday, June 10th. Finally, Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $63.41.
In other news, CEO Brian Halligan sold 20,000 shares of HubSpot stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $57.16, for a total transaction of $1,143,200.00. Following the sale, the chief executive officer now directly owns 784,154 shares in the company, valued at approximately $44,822,242.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Kinzer sold 10,000 shares of HubSpot stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $56.45, for a total value of $564,500.00. Following the sale, the chief financial officer now owns 96,339 shares in the company, valued at $5,438,336.55. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.
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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