Symmetry Peak Management LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to its most recent filing with the SEC. The fund purchased 21,866 shares of the software maker’s stock, valued at approximately $1,324,000.
Other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its stake in shares of HubSpot by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,941 shares of the software maker’s stock worth $561,000 after buying an additional 130 shares during the period. 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 worth $244,000 after buying an additional 226 shares during the period. Bayesian Capital Management LP boosted its stake in shares of HubSpot by 15.3% in the fourth quarter. Bayesian Capital Management LP now owns 5,947 shares of the software maker’s stock worth $280,000 after buying an additional 787 shares during the period. American International Group Inc. boosted its stake in shares of HubSpot by 5.2% in the first quarter. American International Group Inc. now owns 17,460 shares of the software maker’s stock worth $1,057,000 after buying an additional 862 shares during the period. Finally, Commerce Bank boosted its stake in shares of HubSpot by 13.4% in the first quarter. Commerce Bank now owns 9,795 shares of the software maker’s stock worth $593,000 after buying an additional 1,155 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.
Shares of HubSpot, Inc. (NYSE HUBS) traded up 3.06% during midday trading on Friday, hitting $67.30. 560,767 shares of the stock were exchanged. The stock’s 50 day moving average is $70.32 and its 200 day moving average is $59.60. The firm’s market cap is $2.46 billion. HubSpot, Inc. has a 12-month low of $41.63 and a 12-month high of $78.50.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.11. HubSpot had a negative net margin of 14.78% and a negative return on equity of 35.75%. The company had revenue of $82.25 million during the quarter, compared to the consensus estimate of $79.33 million. On average, equities research analysts forecast that HubSpot, Inc. will post ($0.08) earnings per share for the current fiscal year.
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A number of analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of HubSpot in a research report on Thursday, April 13th. They set a “buy” rating and a $70.00 price target for the company. BTIG Research raised shares of HubSpot from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Friday, March 31st. Oppenheimer Holdings, Inc. set a $70.00 price target on shares of HubSpot and gave the stock a “buy” rating in a research report on Tuesday, March 28th. Cowen and Company reaffirmed 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $65.00 price target on shares of HubSpot in a research report on Thursday, February 16th. Two investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. HubSpot currently has an average rating of “Buy” and a consensus target price of $68.68.
In other HubSpot news, insider J Donald Sherman sold 60,000 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $64.40, for a total transaction of $3,864,000.00. Following the transaction, the insider now directly owns 139,725 shares in the company, valued at approximately $8,998,290. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel John P. Kelleher sold 547 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $60.55, for a total value of $33,120.85. Following the transaction, the general counsel now owns 38,555 shares in the company, valued at $2,334,505.25. The disclosure for this sale can be found here. In the last three months, insiders sold 105,094 shares of company stock valued at $6,718,305. 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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