HubSpot Inc. (HUBS) Stake Raised by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA increased its stake in HubSpot Inc. (NYSE:HUBS) by 100.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,638 shares of the company’s stock after buying an additional 1,321 shares during the period. BNP Paribas Arbitrage SA’s holdings in HubSpot were worth $152,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Hamilton Lane Advisors LLC raised its stake in shares of HubSpot by 8.4% in the second quarter. Hamilton Lane Advisors LLC now owns 99,996 shares of the company’s stock worth $4,776,000 after buying an additional 7,710 shares during the period. Alpha Windward LLC acquired a new stake in shares of HubSpot during the second quarter worth $383,000. Brookside Capital Management LLC acquired a new stake in shares of HubSpot during the first quarter worth $9,387,000. Jacobs Levy Equity Management Inc. raised its stake in shares of HubSpot by 3.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,370 shares of the company’s stock worth $932,000 after buying an additional 680 shares during the period. Finally, Granahan Investment Management Inc. MA raised its stake in shares of HubSpot by 100.4% in the first quarter. Granahan Investment Management Inc. MA now owns 720,468 shares of the company’s stock worth $31,427,000 after buying an additional 360,869 shares during the period. Hedge funds and other institutional investors own 88.33% of the company’s stock.
Shares of HubSpot Inc. (NYSE:HUBS) opened at 57.55 on Monday. The stock’s 50 day moving average price is $56.33 and its 200-day moving average price is $49.88. The firm’s market cap is $2.03 billion. HubSpot Inc. has a 52-week low of $27.00 and a 52-week high of $60.11.
HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned $65 million during the quarter, compared to analysts’ expectations of $61.67 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. The business’s revenue for the quarter was up 51.4% compared to the same quarter last year. On average, analysts forecast that HubSpot Inc. will post ($0.53) EPS for the current year.
A number of analysts have recently weighed in on HUBS shares. KeyCorp raised their target price on HubSpot from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, September 13th. Stephens started coverage on HubSpot in a report on Tuesday, August 30th. They issued an “overweight” rating and a $65.00 price target on the stock. Royal Bank Of Canada raised their price target on HubSpot from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, September 30th. Vetr cut HubSpot from a “strong-buy” rating to a “buy” rating and set a $60.75 price target on the stock. in a report on Monday, August 1st. Finally, Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, August 9th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. HubSpot presently has a consensus rating of “Buy” and a consensus target price of $63.41.
In other HubSpot news, General Counsel John P. Kelleher sold 7,666 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $50.64, for a total value of $388,206.24. Following the sale, the general counsel now owns 69,889 shares in the company, valued at approximately $3,539,178.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hunter Madeley sold 800 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $57.45, for a total value of $45,960.00. Following the completion of the sale, the insider now owns 110,296 shares in the company, valued at approximately $6,336,505.20. The disclosure for this sale can be found here. 18.50% of the stock is owned by company 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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