Federated Investors Inc. PA Has $434,000 Position in HubSpot, Inc. (HUBS)
Federated Investors Inc. PA boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 90.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,597 shares of the software maker’s stock after purchasing an additional 3,125 shares during the period. Federated Investors Inc. PA’s holdings in HubSpot were worth $434,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in HubSpot during the 2nd quarter valued at about $431,000. Marshall Wace North America L.P. bought a new position in shares of HubSpot in the second quarter worth about $1,936,000. Jennison Associates LLC raised its stake in shares of HubSpot by 3.7% in the second quarter. Jennison Associates LLC now owns 422,977 shares of the software maker’s stock worth $27,811,000 after acquiring an additional 15,079 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in shares of HubSpot in the second quarter worth about $23,440,000. Finally, Rainier Investment Management LLC bought a new position in shares of HubSpot in the second quarter worth about $3,038,000. 96.08% of the stock is owned by hedge funds and other institutional investors.
Shares of HubSpot, Inc. (NYSE:HUBS) opened at 74.00 on Friday. HubSpot, Inc. has a 12 month low of $44.90 and a 12 month high of $78.50. The stock’s 50 day moving average is $70.94 and its 200 day moving average is $67.85. The firm’s market cap is $2.74 billion.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $89.10 million during the quarter, compared to analyst estimates of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The firm’s quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) EPS. Analysts forecast that HubSpot, Inc. will post $0.05 EPS for the current fiscal year.
In other HubSpot news, Director Lorrie M. Norrington sold 4,899 shares of the stock in a transaction that occurred 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 sale, the director now owns 2,164 shares of the company’s stock, valued at approximately $141,201. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total transaction of $72,800.00. Following the sale, the insider now directly owns 66,887 shares of the company’s stock, valued at approximately $4,869,373.60. The disclosure for this sale can be found here. Insiders have sold a total of 37,899 shares of company stock valued at $2,628,930 in the last three months. Insiders own 18.50% of the company’s stock.
A number of brokerages have weighed in on HUBS. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of HubSpot in a research note on Tuesday. 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 note on Thursday, July 20th. BidaskClub raised shares of HubSpot from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. Evercore ISI began coverage on shares of HubSpot in a research note on Monday. They issued an “outperform” rating and a $90.00 target price for the company. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $69.00 target price (up from $63.00) on shares of HubSpot in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and a consensus price target of $74.35.
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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