HubSpot Inc (HUBS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of HubSpot Inc (NYSE:HUBS) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,554 shares of the software maker’s stock after selling 563 shares during the period. Rhumbline Advisers’ holdings in HubSpot were worth $8,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ffcm LLC bought a new position in HubSpot in the 4th quarter valued at $25,000. Executive Wealth Management LLC bought a new position in HubSpot in the 4th quarter valued at $26,000. Sageworth Trust Co bought a new position in HubSpot in the 1st quarter valued at $38,000. CWM LLC bought a new position in HubSpot in the 4th quarter valued at $40,000. Finally, Meeder Asset Management Inc. bought a new position in HubSpot in the 1st quarter valued at $53,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

A number of brokerages have commented on HUBS. Raymond James increased their price objective on HubSpot from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Monday, January 28th. Deutsche Bank increased their price objective on HubSpot from $168.00 to $180.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Morgan Stanley increased their price objective on HubSpot from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus increased their price objective on HubSpot from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $187.53.

In other news, General Counsel John P. Kelleher sold 390 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $181.00, for a total value of $70,590.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total value of $4,218,250.00. Following the completion of the transaction, the chief executive officer now directly owns 777,390 shares in the company, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. In the last three months, insiders sold 55,763 shares of company stock worth $9,347,576. 9.60% of the stock is currently owned by company insiders.

HUBS stock opened at $188.72 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a market capitalization of $7.90 billion, a PE ratio of -185.02 and a beta of 1.91. HubSpot Inc has a twelve month low of $108.39 and a twelve month high of $192.49.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.10. The company had revenue of $151.80 million for the quarter, compared to the consensus estimate of $147.47 million. HubSpot had a negative return on equity of 10.68% and a negative net margin of 10.81%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. On average, analysts expect that HubSpot Inc will post -0.86 earnings per share for the current fiscal year.

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HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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