Dimensional Fund Advisors LP boosted its position in HubSpot, Inc. (NYSE:HUBS – Get Rating) by 1.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,802 shares of the software maker’s stock after purchasing an additional 1,109 shares during the period. Dimensional Fund Advisors LP owned approximately 0.13% of HubSpot worth $17,236,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of HubSpot by 49.2% during the 1st quarter. Acadian Asset Management LLC now owns 704 shares of the software maker’s stock valued at $333,000 after acquiring an additional 232 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in shares of HubSpot during the 1st quarter valued at $1,385,000. Raymond James Trust N.A. lifted its position in shares of HubSpot by 12.3% during the 1st quarter. Raymond James Trust N.A. now owns 776 shares of the software maker’s stock valued at $368,000 after acquiring an additional 85 shares during the last quarter. Cibc World Market Inc. acquired a new stake in shares of HubSpot during the 1st quarter valued at $206,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of HubSpot by 35.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 682 shares of the software maker’s stock valued at $324,000 after acquiring an additional 178 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.
HubSpot Stock Up 0.5 %
HUBS stock opened at $402.74 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.30 and a quick ratio of 2.30. HubSpot, Inc. has a 52-week low of $245.03 and a 52-week high of $527.06. The company has a 50-day moving average of $346.71 and a two-hundred day moving average of $310.82. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of -171.38 and a beta of 1.61.
HubSpot (NYSE:HUBS – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.22. HubSpot had a negative net margin of 6.51% and a negative return on equity of 11.16%. The company had revenue of $469.66 million during the quarter, compared to analysts’ expectations of $444.95 million. As a group, equities research analysts anticipate that HubSpot, Inc. will post -1.64 EPS for the current year.
Insider Buying and Selling at HubSpot
In other HubSpot news, CTO Dharmesh Shah sold 30,000 shares of the company’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $285.88, for a total transaction of $8,576,400.00. Following the completion of the sale, the chief technology officer now directly owns 1,479,416 shares in the company, valued at $422,935,446.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Dharmesh Shah sold 30,000 shares of the stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $285.88, for a total value of $8,576,400.00. Following the completion of the sale, the chief technology officer now owns 1,479,416 shares in the company, valued at $422,935,446.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $309.80, for a total transaction of $2,633,300.00. Following the completion of the sale, the insider now owns 634,350 shares of the company’s stock, valued at approximately $196,521,630. The disclosure for this sale can be found here. Insiders sold 58,809 shares of company stock worth $17,779,233 over the last ninety days. Company insiders own 5.60% of the company’s stock.
Wall Street Analyst Weigh In
HUBS has been the subject of a number of recent research reports. Credit Suisse Group increased their price objective on HubSpot from $400.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, February 17th. Raymond James increased their target price on HubSpot from $360.00 to $500.00 and gave the company a “strong-buy” rating in a report on Friday, February 17th. Mizuho increased their target price on HubSpot from $350.00 to $450.00 and gave the company a “buy” rating in a report on Friday, February 17th. Canaccord Genuity Group increased their target price on HubSpot from $385.00 to $430.00 and gave the company a “buy” rating in a report on Friday, February 17th. Finally, UBS Group increased their target price on HubSpot from $385.00 to $430.00 in a report on Friday, February 17th. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $422.65.
About HubSpot
HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.
