HubSpot Inc (HUBS) : Matrix Viii Us Management reduced its stake in HubSpot Inc by 49.62% during the most recent quarter end. The investment management company now holds a total of 761,347 shares of HubSpot Inc which is valued at $43,960,176 after selling 750,000 shares in HubSpot Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.HubSpot Inc makes up approximately 5.34% of Matrix Viii Us Management’s portfolio.
Other Hedge Funds, Including , Penserra Capital Management boosted its stake in HUBS in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 605 shares of HubSpot Inc which is valued at $35,792. Fortaleza Asset Management Inc sold out all of its stake in HUBS during the most recent quarter. The investment firm sold 4,230 shares of HUBS which is valued $245,509. Hershey Trust Co added HUBS to its portfolio by purchasing 8,692 company shares during the most recent quarter which is valued at $456,591. HubSpot Inc makes up approx 0.01% of Hershey Trust Co’s portfolio.
HubSpot Inc closed down -0.05 points or -0.09% at $56.94 with 3,38,870 shares getting traded on Wednesday. Post opening the session at $56.99, the shares hit an intraday low of $55.84 and an intraday high of $57.095 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.