Pier Capital buys $9,189,745 stake in HubSpot Inc (HUBS)

HubSpot Inc (HUBS) : Pier Capital scooped up 3,320 additional shares in HubSpot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 155,732 shares of HubSpot Inc which is valued at $9,189,745.HubSpot Inc makes up approximately 1.56% of Pier Capital’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp added HUBS to its portfolio by purchasing 6,172 company shares during the most recent quarter which is valued at $364,210.Oppenheimerfunds reduced its stake in HUBS by selling 41,220 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 911,483 shares of HUBS which is valued at $53,786,612. HubSpot Inc makes up approx 0.07% of Oppenheimerfunds’s portfolio. Peak6 Investments sold out all of its stake in HUBS during the most recent quarter. The investment firm sold 3,513 shares of HUBS which is valued $207,302. 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.

HubSpot Inc opened for trading at $54.9 and hit $56.47 on the upside on Thursday, eventually ending the session at $56.13, with a gain of 0.70% or 0.39 points. The heightened volatility saw the trading volume jump to 1,79,667 shares. Company has a market cap of $1,984 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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