HubSpot, Inc. (NYSE:HUBS) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 29.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,860 shares of the software maker’s stock after selling 7,625 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in HubSpot were worth $12,439,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Xponance Inc. increased its stake in HubSpot by 10.6% in the fourth quarter. Xponance Inc. now owns 9,492 shares of the software maker’s stock valued at $6,614,000 after purchasing an additional 906 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in HubSpot in the 4th quarter valued at about $1,274,000. Horizon Investments LLC increased its stake in shares of HubSpot by 4.3% during the 4th quarter. Horizon Investments LLC now owns 514 shares of the software maker’s stock valued at $358,000 after acquiring an additional 21 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of HubSpot by 7.0% during the 4th quarter. Parallel Advisors LLC now owns 691 shares of the software maker’s stock worth $481,000 after acquiring an additional 45 shares during the period. Finally, Addison Capital Co boosted its position in shares of HubSpot by 1.3% in the fourth quarter. Addison Capital Co now owns 3,940 shares of the software maker’s stock worth $2,745,000 after acquiring an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 2.7 %

Shares of NYSE:HUBS opened at $596.71 on Wednesday. The firm has a market cap of $31.12 billion, a PE ratio of 6,630.81, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The company has a fifty day simple moving average of $721.64 and a 200 day simple moving average of $654.04. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HUBS. StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target for the company in a research report on Wednesday, March 12th. Redburn Atlantic started coverage on HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Piper Sandler boosted their target price on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and raised their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $721.60, for a total transaction of $412,755.20. Following the completion of the transaction, the director now directly owns 1,125 shares in the company, valued at $811,800. This represents a 33.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,497 shares of company stock worth $11,097,251 over the last quarter. 4.50% of the stock is owned by corporate insiders.

About HubSpot

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.