potrero capital research llc increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 241.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 34,110 shares of the software maker’s stock after buying an additional 24,110 shares during the period. HubSpot makes up approximately 1.8% of potrero capital research llc’s investment portfolio, making the stock its 24th largest position. potrero capital research llc owned approximately 0.09% of HubSpot worth $2,065,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in HUBS. Ameritas Investment Partners Inc. bought a new stake in shares of HubSpot during the first quarter valued at $151,000. Amalgamated Bank bought a new stake in shares of HubSpot during the first quarter valued at $214,000. Juncture Wealth Strategies LLC bought a new stake in shares of HubSpot during the first quarter valued at $241,000. Solaris Asset Management LLC boosted its stake in shares of HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock valued at $244,000 after buying an additional 226 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of HubSpot during the first quarter valued at $250,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.
HubSpot, Inc. (NYSE HUBS) traded up 3.06% on Friday, hitting $67.30. 560,767 shares of the company traded hands. The firm’s 50 day moving average price is $70.32 and its 200 day moving average price is $59.60. The firm’s market capitalization is $2.46 billion. HubSpot, Inc. has a 1-year low of $41.63 and a 1-year high of $78.50.
HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, May 2nd. The software maker reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.11. The company had revenue of $82.25 million for the quarter, compared to the consensus estimate of $79.33 million. HubSpot had a negative return on equity of 35.75% and a negative net margin of 14.78%. Equities research analysts predict that HubSpot, Inc. will post ($0.08) EPS for the current fiscal year.
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Several brokerages have recently weighed in on HUBS. Cowen and Company reiterated a “market perform” rating and set a $63.00 price target (up from $53.00) on shares of HubSpot in a research report on Thursday, May 4th. Guggenheim began coverage on HubSpot in a research report on Thursday, April 13th. They set a “buy” rating and a $70.00 price target on the stock. Zacks Investment Research cut HubSpot from a “hold” rating to a “sell” rating in a research report on Friday, February 17th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price target (up from $64.00) on shares of HubSpot in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. HubSpot has an average rating of “Buy” and a consensus target price of $68.68.
In related news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $60.05, for a total transaction of $1,501,250.00. Following the sale, the chief executive officer now owns 845,683 shares of the company’s stock, valued at approximately $50,783,264.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider J Donald Sherman sold 60,000 shares of HubSpot stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $64.40, for a total value of $3,864,000.00. Following the sale, the insider now directly owns 139,725 shares in the company, valued at approximately $8,998,290. The disclosure for this sale can be found here. Insiders have sold a total of 130,094 shares of company stock worth $8,337,055 in the last three months. 18.50% of the stock is owned by corporate 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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