Zurcher Kantonalbank Zurich Cantonalbank Purchases 17,713 Shares of HubSpot, Inc. $HUBS

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 65.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,583 shares of the software maker’s stock after acquiring an additional 17,713 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in HubSpot were worth $17,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Turning Point Benefit Group Inc. bought a new position in HubSpot during the third quarter valued at $25,000. Strategic Advocates LLC bought a new position in HubSpot during the third quarter valued at $25,000. Rakuten Securities Inc. grew its holdings in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after purchasing an additional 47 shares during the last quarter. Exane Asset Management bought a new position in shares of HubSpot in the third quarter worth about $30,000. Finally, Westside Investment Management Inc. grew its holdings in shares of HubSpot by 80.5% in the third quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock worth $33,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of HubSpot stock opened at $232.27 on Thursday. HubSpot, Inc. has a 1 year low of $187.45 and a 1 year high of $682.57. The firm’s 50-day moving average is $245.05 and its two-hundred day moving average is $332.69. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 266.98, a PEG ratio of 3.18 and a beta of 1.44.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company had revenue of $846.75 million for the quarter, compared to analysts’ expectations of $830.65 million. During the same period in the prior year, the business earned $2.32 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts expect that HubSpot, Inc. will post 3.62 earnings per share for the current year.

Insider Activity

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the transaction, the director directly owned 370,558 shares in the company, valued at $97,364,114.50. This represents a 2.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,191 shares of company stock worth $4,671,932. 4.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. KeyCorp cut their price target on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Needham & Company LLC cut their price target on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Truist Financial cut their price target on shares of HubSpot from $650.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Zacks Research cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Twenty-six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $412.39.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.