Union Bancaire Privee UBP SA Buys Shares of 7,091 HubSpot, Inc. (NYSE:HUBS)

Union Bancaire Privee UBP SA purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,091 shares of the software maker’s stock, valued at approximately $4,838,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GDS Wealth Management bought a new position in HubSpot during the third quarter worth about $2,149,000. Pallas Capital Advisors LLC acquired a new stake in shares of HubSpot during the third quarter worth about $624,000. Icon Wealth Advisors LLC lifted its holdings in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after purchasing an additional 20,479 shares in the last quarter. Curi RMB Capital LLC lifted its stake in HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after buying an additional 937 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP boosted its stake in HubSpot by 113.4% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock worth $9,923,000 after purchasing an additional 9,919 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,112 shares of company stock valued at $35,878,612 in the last quarter. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Down 2.9 %

HUBS stock opened at $726.43 on Friday. The firm has a market cap of $37.88 billion, a price-to-earnings ratio of 8,072.32, a PEG ratio of 41.44 and a beta of 1.72. The company’s fifty day simple moving average is $739.92 and its 200 day simple moving average is $632.79. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HUBS shares. StockNews.com raised shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Piper Sandler lifted their target price on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $863.96.

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.