Metropolitan Life Insurance Co. NY continued to hold its position in shares of HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,360 shares of the software maker’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.06% of HubSpot worth $1,233,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in HubSpot during the first quarter worth $151,000. Amalgamated Bank purchased a new position in HubSpot during the first quarter worth $214,000. Juncture Wealth Strategies LLC purchased a new position in HubSpot during the first quarter worth $241,000. Solaris Asset Management LLC increased its position in 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. Finally, Teza Capital Management LLC purchased a new position in HubSpot during the first quarter worth $250,000. Institutional investors and hedge funds own 92.23% of the company’s stock.
Shares of HubSpot, Inc. (NYSE:HUBS) opened at 67.35 on Friday. The stock’s 50 day moving average price is $69.85 and its 200 day moving average price is $64.98. HubSpot, Inc. has a 12-month low of $44.90 and a 12-month high of $78.50. The firm’s market capitalization is $2.49 billion.
HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The company had revenue of $89.10 million for the quarter, compared to the consensus estimate of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. HubSpot’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) earnings per share. Equities research analysts expect that HubSpot, Inc. will post $0.05 earnings per share for the current year.
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A number of equities research analysts have recently issued reports on the company. BidaskClub cut HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Friday. Cowen and Company reiterated a “market perform” rating and set a $69.00 price objective (up previously from $63.00) on shares of HubSpot in a research note on Friday, August 4th. Canaccord Genuity upped their price objective on HubSpot from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 price objective on HubSpot and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, SunTrust Banks, Inc. initiated coverage on HubSpot in a research note on Monday, June 26th. They issued a “buy” rating and a $81.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $72.19.
In other HubSpot news, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the sale, the chief executive officer now directly owns 806,787 shares of the company’s stock, valued at $52,239,458.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $73.95, for a total value of $73,950.00. Following the sale, the insider now directly owns 89,874 shares in the company, valued at $6,646,182.30. The disclosure for this sale can be found here. Insiders have sold 57,899 shares of company stock worth $3,934,380 over the last quarter. 18.50% of the stock is owned by company 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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