Swiss National Bank Grows Stake in HubSpot, Inc. $HUBS

Swiss National Bank lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the software maker’s stock after purchasing an additional 11,700 shares during the quarter. Swiss National Bank’s holdings in HubSpot were worth $83,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of HubSpot by 5.9% during the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after acquiring an additional 24 shares in the last quarter. First Horizon Advisors Inc. lifted its position in HubSpot by 4.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after acquiring an additional 27 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in HubSpot by 0.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,101 shares of the software maker’s stock valued at $5,066,000 after purchasing an additional 30 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of HubSpot by 6.5% in the second quarter. GPS Wealth Strategies Group LLC now owns 494 shares of the software maker’s stock worth $275,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price objective on HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Macquarie lowered their price objective on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Sanford C. Bernstein upgraded shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price on the stock in a report on Wednesday, September 3rd. Rothschild & Co Redburn reiterated a “neutral” rating and set a $450.00 target price (down from $610.00) on shares of HubSpot in a research note on Monday, November 10th. Finally, Canaccord Genuity Group lowered their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $617.23.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,387 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the sale, the chief executive officer owned 56,277 shares in the company, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the transaction, the chief financial officer directly owned 38,794 shares in the company, valued at $19,397,000. This represents a 1.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,098 shares of company stock worth $24,062,552 over the last ninety days. 4.00% of the stock is owned by corporate insiders.

HubSpot Price Performance

Shares of HubSpot stock opened at $355.09 on Friday. HubSpot, Inc. has a 1-year low of $344.41 and a 1-year high of $881.13. The company’s fifty day simple moving average is $453.30 and its 200-day simple moving average is $511.18. The stock has a market capitalization of $18.60 billion, a PE ratio of -4,438.63, a P/E/G ratio of 12.05 and a beta of 1.60.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.HubSpot’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 EPS. As a group, research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot Company 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.