First Allied Advisory Services Inc. Invests $2.66 Million in HubSpot, Inc. (HUBS)
First Allied Advisory Services Inc. acquired a new stake in HubSpot, Inc. (NYSE:HUBS) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,650 shares of the software maker’s stock, valued at approximately $2,658,000. First Allied Advisory Services Inc. owned 0.08% of HubSpot as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in HUBS. ETF Managers Group LLC bought a new stake in shares of HubSpot during the second quarter valued at about $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of HubSpot by 136.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after buying an additional 994 shares during the period. Sei Investments Co. increased its position in shares of HubSpot by 41.3% during the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after buying an additional 631 shares during the period. ETRADE Capital Management LLC bought a new stake in shares of HubSpot during the third quarter valued at about $203,000. Finally, 361 Capital LLC bought a new stake in shares of HubSpot during the third quarter valued at about $222,000. Institutional investors and hedge funds own 93.23% of the company’s stock.
In other HubSpot news, insider Dharmesh Shah sold 20,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the insider now owns 1,716,316 shares in the company, valued at $126,320,857.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $81.60, for a total value of $81,600.00. Following the completion of the transaction, the insider now owns 59,264 shares of the company’s stock, valued at approximately $4,835,942.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,000 shares of company stock valued at $5,801,530. 12.10% of the stock is owned by corporate insiders.
HubSpot, Inc. (HUBS) opened at $82.85 on Friday. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41. HubSpot, Inc. has a twelve month low of $44.90 and a twelve month high of $88.50.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.15. The business had revenue of $97.73 million during the quarter, compared to the consensus estimate of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The firm’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. equities analysts anticipate that HubSpot, Inc. will post -0.99 earnings per share for the current fiscal year.
Several research firms recently weighed in on HUBS. Cowen upped their price objective on shares of HubSpot from $69.00 to $76.00 and gave the stock a “market perform” rating in a research report on Thursday, September 28th. KeyCorp restated a “buy” rating and issued a $86.00 price objective on shares of HubSpot in a research report on Wednesday, September 27th. UBS restated an “outperform” rating and issued a $82.00 price objective (up from $80.00) on shares of HubSpot in a research report on Wednesday, September 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $83.00 target price on shares of HubSpot in a research note on Wednesday, September 27th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $82.00 target price on shares of HubSpot in a research note on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.82.
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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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