Garelick Capital Partners Lp adds HubSpot Inc (HUBS) to its portfolio

HubSpot Inc (HUBS) : Garelick Capital Partners Lp added new position in HubSpot Inc during the most recent quarter end. The investment management firm now holds 187,120 shares of HubSpot Inc which is valued at $11,041,951 , the company said in a statement filed on Aug 10, 2016 with the SEC.HubSpot Inc makes up approximately 7.49% of Garelick Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in HUBS in the latest quarter, The investment management firm added 3,897 additional shares and now holds a total of 9,008 shares of HubSpot Inc which is valued at $531,562. Los Angeles Capital Management Equity Research Inc added HUBS to its portfolio by purchasing 4,610 company shares during the most recent quarter which is valued at $272,728. Janney Montgomery Scott added HUBS to its portfolio by purchasing 8,650 company shares during the most recent quarter which is valued at $502,046. HubSpot Inc makes up approx 0.01% of Janney Montgomery Scott’s portfolio. Huntington National Bank added HUBS to its portfolio by purchasing 380 company shares during the most recent quarter which is valued at $19,665.

HubSpot Inc opened for trading at $56.32 and hit $56.91 on the upside on Friday, eventually ending the session at $56.3, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 2,81,162 shares. Company has a market cap of $1,990 M.

On the company’s financial health, HubSpot Inc reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.15. The company had revenue of $65.00 million for the quarter, compared to analysts expectations of $61.65 million. The company’s revenue was up 51.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

Many Wall Street Analysts have commented on HubSpot Inc. Company shares were Reiterated by Rosenblatt on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 67 from a previous price target of $61 .Stifel Initiated HubSpot Inc on Jul 19, 2016 to “Buy”, Price Target of the shares are set at $61.Company shares were Reiterated by Piper Jaffray on Jul 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 65 from a previous price target of $60 .

HubSpot Inc. (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications which include social media search engine optimization blogging Website content management marketing automation email CRM analytics and reporting. HubSpot’s platform is a multi-tenant single code-based software-as-a-service delivered through Web browsers or mobile applications. HubSpot offers applications which include Content Optimization System (COS) Search Engine Optimization (SEO) Social Inbox Marketing Automation and Email Sidekick CRM Sync HubSpot CRM and Reporting and Analytics. The Company sells three product plans which include HubSpot Basic HubSpot Pro and HubSpot Enterprise. HubSpot offers professional services and support over the phone and via Web meeting technology.

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