HubSpot, Inc. (HUBS) Position Lifted by CI Global Investments Inc.
CI Global Investments Inc. increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 344.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 200,100 shares of the software maker’s stock after acquiring an additional 155,100 shares during the period. CI Global Investments Inc. owned approximately 0.54% of HubSpot worth $16,818,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in HUBS. ETF Managers Group LLC acquired a new position in HubSpot during the second quarter worth $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HubSpot by 136.9% during the second 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 during the period. Sei Investments Co. grew its holdings in HubSpot by 41.3% during the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after acquiring an additional 631 shares during the period. Ameritas Investment Partners Inc. grew its holdings in HubSpot by 18.5% during the second 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 during the period. Finally, Amalgamated Bank acquired a new position in HubSpot during the first quarter worth $214,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HubSpot, Inc. (NYSE HUBS) traded down $1.00 during trading hours on Tuesday, hitting $78.95. The stock had a trading volume of 398,239 shares, compared to its average volume of 412,403. 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 issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The business had revenue of $97.73 million for the quarter, compared to the consensus estimate of $96.50 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The business’s revenue was up 38.4% on a year-over-year basis. equities analysts anticipate that HubSpot, Inc. will post -0.99 EPS for the current fiscal year.
A number of research analysts recently weighed in on HUBS shares. BidaskClub raised HubSpot from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd. TheStreet raised HubSpot from a “d” rating to a “c-” rating in a report on Monday, October 9th. Morgan Stanley upped their target price on HubSpot from $93.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Needham & Company LLC upped their target price on HubSpot to $95.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, UBS AG reissued a “buy” rating and issued a $93.00 target price on shares of HubSpot in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $84.82.
In related news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $72.80, for a total transaction of $72,800.00. Following the transaction, the insider now directly owns 66,887 shares in the company, valued at $4,869,373.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dharmesh Shah sold 20,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 1,716,316 shares in the company, valued at $126,320,857.60. The disclosure for this sale can be found here. Insiders sold 72,000 shares of company stock worth $5,792,730 over the last 90 days. Company insiders own 12.10% of the company’s stock.
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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