Legal & General Group Plc Has $1.17 Million Holdings in HubSpot Inc (HUBS)

Legal & General Group Plc boosted its position in shares of HubSpot Inc (NYSE:HUBS) by 13.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,969 shares of the software maker’s stock after acquiring an additional 1,641 shares during the period. Legal & General Group Plc’s holdings in HubSpot were worth $1,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ETF Managers Group LLC acquired a new position in HubSpot during the 2nd quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HubSpot by 136.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after acquiring an additional 994 shares in the last quarter. Sei Investments Co. grew its holdings in HubSpot by 41.3% during the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after acquiring an additional 631 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in HubSpot by 18.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after acquiring an additional 462 shares in the last quarter. Finally, ETRADE Capital Management LLC acquired a new position in HubSpot during the 3rd quarter worth approximately $203,000. Institutional investors own 93.11% of the company’s stock.

Several research firms have commented on HUBS. Cowen boosted their price target on shares of HubSpot from $69.00 to $76.00 and gave the stock a “market perform” rating in a report on Thursday, September 28th. KeyCorp restated a “buy” rating and issued a $86.00 target price on shares of HubSpot in a report on Wednesday, September 27th. UBS Group restated an “outperform” rating and issued a $82.00 target price (up previously from $80.00) on shares of HubSpot in a report on Wednesday, September 27th. Canaccord Genuity restated a “buy” rating and issued a $83.00 target price on shares of HubSpot in a report on Wednesday, September 27th. Finally, Oppenheimer restated a “buy” rating and issued a $82.00 target price on shares of HubSpot in a report on Wednesday, September 27th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. HubSpot presently has an average rating of “Buy” and a consensus target price of $84.82.

Shares of HubSpot Inc (NYSE HUBS) opened at $88.40 on Tuesday. The firm has a market cap of $3,330.00, a price-to-earnings ratio of -76.21 and a beta of 2.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. HubSpot Inc has a 52 week low of $46.26 and a 52 week high of $93.53.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.15. The firm had revenue of $97.73 million during the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. HubSpot’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. analysts forecast that HubSpot Inc will post -0.99 earnings per share for the current year.

In related news, CEO Brian Halligan sold 25,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the completion of the sale, the chief executive officer now owns 796,119 shares in the company, valued at approximately $70,297,307.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dharmesh Shah sold 24,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $84.92, for a total transaction of $2,038,080.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,000 shares of company stock valued at $5,665,180. 12.10% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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