Solaris Asset Management Lowers stake in HubSpot Inc (HUBS)

HubSpot Inc (HUBS) : Solaris Asset Management reduced its stake in HubSpot Inc by 0.88% during the most recent quarter end. The investment management company now holds a total of 2,825 shares of HubSpot Inc which is valued at $146,194 after selling 25 shares in HubSpot Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.HubSpot Inc makes up approximately 0.10% of Solaris Asset Management’s portfolio.

Other Hedge Funds, Including , Diversified Trust Co sold out all of its stake in HUBS during the most recent quarter. The investment firm sold 5,505 shares of HUBS which is valued $284,884. Huntington National Bank added HUBS to its portfolio by purchasing 380 company shares during the most recent quarter which is valued at $19,665. Meeder Asset Management Inc added HUBS to its portfolio by purchasing 55 company shares during the most recent quarter which is valued at $2,889. 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.Hamilton Lane Advisors boosted its stake in HUBS in the latest quarter, The investment management firm added 7,710 additional shares and now holds a total of 99,996 shares of HubSpot Inc which is valued at $4,924,803. HubSpot Inc makes up approx 2.31% of Hamilton Lane Advisors’s portfolio.

HubSpot Inc opened for trading at $52.27 and hit $54.6 on the upside on Friday, eventually ending the session at $54.59, with a gain of 4.48% or 2.34 points. The heightened volatility saw the trading volume jump to 4,79,244 shares. Company has a market cap of $1,908 M.

On the company’s financial health, HubSpot Inc reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.17. The company had revenue of $58.96 million for the quarter, compared to analysts expectations of $55.34 million. The company’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.18 EPS.

Many Wall Street Analysts have commented on HubSpot Inc. 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 .Needham Resumed HubSpot Inc on Jun 13, 2016 to “Buy”, Price Target of the shares are set at $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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