OVERSEA CHINESE BANKING Corp Ltd Purchases 18,060 Shares of HubSpot, Inc. (NYSE:HUBS)

OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 243.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,485 shares of the software maker’s stock after purchasing an additional 18,060 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in HubSpot were worth $13,548,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GDS Wealth Management bought a new position in HubSpot during the 3rd quarter worth approximately $2,149,000. M&G Plc bought a new stake in shares of HubSpot in the 1st quarter valued at $8,533,000. Pallas Capital Advisors LLC bought a new stake in shares of HubSpot in the 3rd quarter valued at $624,000. Headlands Technologies LLC bought a new stake in shares of HubSpot in the 2nd quarter valued at $3,135,000. Finally, Linden Thomas Advisory Services LLC bought a new stake in shares of HubSpot in the 2nd quarter valued at $1,346,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the subject of several research analyst reports. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a research note on Thursday, August 8th. Bank of America decreased their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Canaccord Genuity Group boosted their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Evercore ISI boosted their price target on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $666.26.

HubSpot Trading Up 3.7 %

HUBS stock opened at $680.99 on Tuesday. The company’s 50 day moving average is $535.45 and its 200 day moving average is $545.35. The stock has a market cap of $35.15 billion, a price-to-earnings ratio of -2,522.09, a price-to-earnings-growth ratio of 8,729.41 and a beta of 1.63. HubSpot, Inc. has a 1-year low of $425.07 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $21,695,632.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,937 shares of company stock valued at $3,194,673 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.