Swiss National Bank Purchases 1,100 Shares of HubSpot, Inc. (NYSE:HUBS)

Swiss National Bank increased its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,700 shares of the software maker's stock after purchasing an additional 1,100 shares during the quarter. Swiss National Bank owned approximately 0.28% of HubSpot worth $76,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HM Payson & Co. increased its stake 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 purchasing an additional 18 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock worth $91,000 after buying an additional 25 shares during the period. V Square Quantitative Management LLC increased its holdings in HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock worth $494,000 after purchasing an additional 27 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker's stock valued at $698,000 after acquiring an additional 30 shares during the period. Finally, Quent Capital LLC boosted its position in shares of HubSpot by 13.0% in the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker's stock worth $154,000 after purchasing an additional 30 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays boosted their target price on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Royal Bank of Canada raised their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Citigroup lowered their price target on shares of HubSpot from $699.00 to $629.00 and set a "buy" rating for the company in a report on Friday, August 9th. The Goldman Sachs Group boosted their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $672.68.

HubSpot Trading Up 1.8 %

Shares of NYSE:HUBS traded up $11.95 on Wednesday, hitting $694.48. The company had a trading volume of 338,361 shares, compared to its average volume of 592,938. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $724.61. The business has a 50 day moving average of $562.05 and a 200 day moving average of $548.88. The company has a market cap of $35.85 billion, a PE ratio of -2,526.87, a PEG ratio of 82.30 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business's revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. As a group, equities analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 116 shares of HubSpot 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 directly owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $28,881,300. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,391 shares of company stock worth $29,101,488 over the last quarter. Company insiders own 4.50% of the company's stock.

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.