HubSpot, Inc. (HUBS) Shares Bought by Royce & Associates LP
Royce & Associates LP boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,000 shares of the software maker’s stock after purchasing an additional 9,000 shares during the period. Royce & Associates LP owned approximately 0.14% of HubSpot worth $3,485,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Vista Equity Partners Management LLC grew its position in HubSpot by 25.8% during the 1st quarter. Vista Equity Partners Management LLC now owns 161,953 shares of the software maker’s stock worth $9,806,000 after purchasing an additional 33,250 shares during the last quarter. Prudential Financial Inc. purchased a new stake in HubSpot during the 1st quarter worth approximately $259,000. Great Lakes Advisors LLC purchased a new stake in HubSpot during the 2nd quarter worth approximately $877,000. DekaBank Deutsche Girozentrale purchased a new stake in HubSpot during the 1st quarter worth approximately $364,000. Finally, California Public Employees Retirement System purchased a new stake in HubSpot during the 1st quarter worth approximately $11,632,000. 96.08% of the stock is currently owned by institutional investors.
HUBS has been the topic of several research analyst reports. SunTrust Banks, Inc. initiated coverage on shares of HubSpot in a research report on Monday, June 26th. They set a “buy” rating and a $81.00 target price on the stock. Morgan Stanley boosted their target price on shares of HubSpot from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, July 20th. Oppenheimer Holdings, Inc. set a $80.00 target price on shares of HubSpot and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Canaccord Genuity boosted their target price on shares of HubSpot from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, UBS AG reissued a “buy” rating and set a $84.00 target price (up previously from $77.00) on shares of HubSpot in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.00.
HubSpot, Inc. (NYSE HUBS) opened at 71.70 on Friday. The firm’s market capitalization is $2.65 billion. HubSpot, Inc. has a 1-year low of $44.90 and a 1-year high of $78.50. The company has a 50 day moving average of $70.93 and a 200 day moving average of $67.07.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The firm had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. During the same period last year, the firm posted ($0.07) EPS. HubSpot’s quarterly revenue was up 37.1% on a year-over-year basis. Analysts forecast that HubSpot, Inc. will post $0.05 EPS for the current year.
In related news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $63.70, for a total value of $63,700.00. Following the transaction, the insider now directly owns 87,211 shares in the company, valued at approximately $5,555,340.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lorrie M. Norrington sold 4,899 shares of HubSpot 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 completion of the transaction, the director now owns 2,164 shares in the company, valued at $141,201. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,899 shares of company stock worth $4,247,680. 18.50% of the stock is currently owned by insiders.
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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