Vanguard Group Inc. now owns 2,626,896 shares of the software maker's stock valued at $172,718,000 after buying an additional 97,869 shares during the period. California Public Employees Retirement System increased its stake in shares of HubSpot by 2.2% in the second quarter.
Several other hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in HubSpot by 1.5% in the first quarter. Solaris Asset Management LLC increased its position in HubSpot by 5.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,941 shares of the software maker's stock worth $561,000 after buying an additional 130 shares during the period. UBS Asset Management Americas raised its position in HubSpot by 147.3% in the Q1. The brokerage now has a $80.00 price objective on the software maker's stock, up from their previous price objective of $78.00.
First Trust Advisors LP increased its position in HubSpot, Inc. BlackRock Inc. now owns 2,130,883 shares of the software maker's stock valued at $129,025,000 after buying an additional 2,128,306 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in HubSpot during the first quarter valued at $151,000. Bank of New York Mellon Corp now owns 965,891 shares of the software maker's stock valued at $58,485,000 after buying an additional 192,602 shares during the period. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in HubSpot Inc (NYSE:HUBS). (NYSE:HUBS) traded up 2.20% during midday trading on Friday, reaching $67.35. Hedge funds and other institutional investors own 92.23% of the company's stock. HubSpot, Inc. has a 12 month low of $44.90 and a 12 month high of $78.50. The company has a 50-day moving average price of $69.85 and a 200-day moving average price of $64.98. The company has market cap of $2.48 billion.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.08. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. During the same quarter a year ago, the firm earned ($0.07) EPS. During the same period a year ago, the business posted ($0.07) earnings per share. On average, analysts anticipate that HubSpot will post $0.05 EPS for the current year. Hubspot Inc had 38 analyst reports since August 5, 2015 according to SRatingsIntel. Keybank Association Oh reported 0% of its portfolio in HubSpot Inc (NYSE:HUBS). If you are reading this story on another site, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark legislation. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/13/first-trust-advisors-lp-has-56-66-million-stake-in-hubspot-inc-nysehubs.html.
Nasdaq, Inc. (NASDAQ:NDAQ) Stock Traded Significantly Above Its 50 Day Average
Finally, Kentucky Retirement Systems acquired a new stake in Nasdaq during the fourth quarter worth approximately $555,000. BidaskClub cut shares of Nasdaq from a "buy" rating to a "hold" rating in a research note on Wednesday, July 12th.
A number of analysts recently weighed in on HUBS shares. Canaccord Genuity lifted 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 report on Thursday, August 3rd. Finally, Summit Redstone reiterated a "hold" rating on shares of HubSpot in a research note on Thursday, August 3rd. The company now has a consensus rating of "Buy" and a consensus price target of $72.19. Cowen and Company reaffirmed a "market perform" rating and issued a $69.00 target price (up from $63.00) on shares of HubSpot in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The shares were sold at an average price of $72.77, for a total transaction of $1,164,320.00. Also Executive Hunter Madeley unloaded 1,000 stocks of HubSpot shares in a trade on early Wed, Jul 5th. 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 of the company's stock, valued at approximately $6,646,182.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
In related news, CFO John Kinzer sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following the sale, the chief financial officer now owns 81,658 shares of the company's stock, valued at approximately $5,667,065.20. The disclosure for this sale can be found here. Sei Investments Co. now owns 2,157 shares of the software maker's stock worth $142,000 after buying an additional 631 shares during the last quarter.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform.