Pioneer Investment Management Inc. Has $11.63 Million Stake in HubSpot, Inc. (HUBS)
Pioneer Investment Management Inc. lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,883 shares of the software maker’s stock after selling 689 shares during the period. Pioneer Investment Management Inc.’s holdings in HubSpot were worth $11,630,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd raised its stake in HubSpot by 153.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock valued at $103,000 after buying an additional 1,032 shares in the last quarter. Sei Investments Co. raised its stake in HubSpot by 41.3% in the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after buying an additional 631 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in HubSpot during the first quarter valued at about $151,000. Independent Portfolio Consultants Inc. raised its stake in HubSpot by 168.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,903 shares of the software maker’s stock valued at $191,000 after buying an additional 1,823 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in HubSpot during the first quarter valued at about $214,000. Institutional investors and hedge funds own 92.23% of the company’s stock.
HubSpot, Inc. (HUBS) opened at 67.35 on Friday. The firm’s market cap is $2.49 billion. The stock has a 50 day moving average price of $69.85 and a 200 day moving average price of $64.98. HubSpot, Inc. has a 52-week low of $44.90 and a 52-week high of $78.50.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $89.10 million for the quarter, compared to analysts’ expectations of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. HubSpot’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. Equities analysts predict that HubSpot, Inc. will post $0.05 earnings per share for the current fiscal year.
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HUBS has been the topic of several research analyst reports. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, May 1st. Stephens restated an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of HubSpot in a research note on Thursday, May 4th. Oppenheimer Holdings, Inc. set a $78.00 price objective on HubSpot and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Morgan Stanley upped their price objective on HubSpot from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, July 20th. Finally, CIBC restated a “buy” rating and issued a $78.00 price objective on shares of HubSpot in a research note on Thursday, May 4th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $72.19.
In other HubSpot news, insider Hunter Madeley sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $72.77, for a total transaction of $1,164,320.00. Following the sale, the insider now owns 84,549 shares of the company’s stock, valued at approximately $6,152,630.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lorrie M. Norrington sold 4,899 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $65.25, for a total transaction of $319,659.75. Following the sale, the director now directly owns 2,164 shares in the company, valued at approximately $141,201. The disclosure for this sale can be found here. Insiders sold a total of 57,899 shares of company stock worth $3,934,380 in the last ninety days. 18.50% of the stock is currently owned by insiders.
HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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