Swiss National Bank Boosts Position in HubSpot, Inc. (NYSE:HUBS)

Swiss National Bank lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 0.4% during the 1st quarter, Holdings Channel reports. The fund owned 138,300 shares of the software maker’s stock after buying an additional 500 shares during the quarter. Swiss National Bank’s holdings in HubSpot were worth $79,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its holdings in HubSpot by 1.1% in the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after buying an additional 16 shares during the period. WCM Investment Management LLC boosted its holdings in HubSpot by 0.6% in the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker’s stock valued at $1,553,000 after purchasing an additional 17 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in HubSpot by 3.0% in the first quarter. Yousif Capital Management LLC now owns 662 shares of the software maker’s stock valued at $378,000 after purchasing an additional 19 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of HubSpot by 3.5% in the first quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock valued at $334,000 after acquiring an additional 20 shares during the period. Finally, Apollon Wealth Management LLC boosted its holdings in shares of HubSpot by 5.2% in the first quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock valued at $231,000 after acquiring an additional 20 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total value of $4,616,095.00. Following the sale, the director owned 522,435 shares of the company’s stock, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the business’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the sale, the chief financial officer directly owned 41,086 shares in the company, valued at $22,670,843.94. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,998 shares of company stock worth $10,928,616 in the last 90 days. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price target on HubSpot from $900.00 to $795.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Morgan Stanley increased their price objective on HubSpot from $659.00 to $752.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Needham & Company LLC reissued a “buy” rating and issued a $900.00 price target on shares of HubSpot in a research note on Friday, May 9th. Stifel Nicolaus cut their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Monday, July 14th. Finally, KeyCorp dropped their price objective on HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average target price of $726.04.

HubSpot Stock Down 2.8%

NYSE HUBS opened at $449.10 on Friday. The company has a market cap of $23.68 billion, a price-to-earnings ratio of -1,952.61, a price-to-earnings-growth ratio of 16.24 and a beta of 1.66. HubSpot, Inc. has a twelve month low of $444.25 and a twelve month high of $881.13. The business’s fifty day moving average is $547.87 and its 200 day moving average is $612.52.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $1.94 EPS. On average, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.