HubSpot Inc (HUBS) Holdings Increased by Federated Investors Inc. PA
Federated Investors Inc. PA raised its position in shares of HubSpot Inc (NYSE:HUBS) by 143.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 28,282 shares of the software maker’s stock after purchasing an additional 16,685 shares during the quarter. Federated Investors Inc. PA owned approximately 0.07% of HubSpot worth $3,547,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC acquired a new stake in HubSpot during the 2nd quarter valued at approximately $149,000. CIBC Private Wealth Group LLC acquired a new stake in HubSpot during the 2nd quarter valued at approximately $174,000. Prio Wealth Limited Partnership acquired a new stake in HubSpot during the 2nd quarter valued at approximately $207,000. Zeke Capital Advisors LLC acquired a new stake in HubSpot during the 2nd quarter valued at approximately $216,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in HubSpot during the 2nd quarter valued at approximately $222,000. 96.41% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $140.93, for a total transaction of $3,523,250.00. Following the completion of the sale, the chief executive officer now owns 735,116 shares of the company’s stock, valued at approximately $103,599,897.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel John P. Kelleher sold 408 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $120.00, for a total transaction of $48,960.00. Following the sale, the general counsel now directly owns 40,646 shares of the company’s stock, valued at approximately $4,877,520. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,142 shares of company stock valued at $13,883,463. Insiders own 9.60% of the company’s stock.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 1st. The software maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $122.60 million during the quarter, compared to the consensus estimate of $117.75 million. HubSpot had a negative net margin of 12.64% and a negative return on equity of 17.00%. The company’s quarterly revenue was up 37.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. sell-side analysts expect that HubSpot Inc will post -1.1 earnings per share for the current fiscal year.
HUBS has been the subject of a number of recent analyst reports. Raymond James increased their target price on shares of HubSpot from $124.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, July 30th. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Needham & Company LLC increased their target price on shares of HubSpot from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. UBS Group reissued a “buy” rating on shares of HubSpot in a research report on Tuesday, August 7th. Finally, Morgan Stanley increased their target price on shares of HubSpot from $117.00 to $119.00 and gave the company an “equal weight” rating in a research report on Thursday, August 2nd. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $127.33.
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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