Union Bancaire Privee UBP SA Invests $4.84 Million in HubSpot, Inc. (NYSE:HUBS)

Union Bancaire Privee UBP SA bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,091 shares of the software maker's stock, valued at approximately $4,838,000.

A number of other hedge funds have also recently made changes to their positions in HUBS. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot during the 3rd quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot during the fourth quarter valued at approximately $35,000. HM Payson & Co. raised its holdings in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Finally, Friedenthal Financial bought a new position in HubSpot in the 4th quarter valued at approximately $50,000. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total transaction of $394,680.00. Following the sale, the director now directly owns 1,697 shares in the company, valued at $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company's stock, valued at $374,819,745.70. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last 90 days. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. KeyCorp raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price for the company in a report on Thursday, February 13th. Raymond James lifted their price objective on HubSpot from $750.00 to $980.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Citigroup boosted their price objective on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. TD Cowen cut HubSpot from a "buy" rating to a "hold" rating and raised their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, UBS Group raised shares of HubSpot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $863.96.

HubSpot Trading Up 0.6 %

Shares of NYSE:HUBS traded up $4.43 during mid-day trading on Wednesday, reaching $724.53. The stock had a trading volume of 463,144 shares, compared to its average volume of 505,187. The company has a market cap of $37.79 billion, a P/E ratio of 8,051.25, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The business's 50 day moving average price is $739.03 and its 200 day moving average price is $637.48. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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%. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.