ING Groep NV Makes New $3.08 Million Investment in HubSpot, Inc. (NYSE:HUBS)

ING Groep NV acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,800 shares of the software maker's stock, valued at approximately $3,083,000.

Several other institutional investors and hedge funds also recently modified their holdings of HUBS. International Assets Investment Management LLC bought a new position in shares of HubSpot in the 2nd quarter valued at about $35,000. HM Payson & Co. increased its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after buying an additional 18 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after buying an additional 63 shares during the last quarter. J.Safra Asset Management Corp lifted its position in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock valued at $51,000 after buying an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of HubSpot by 41.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock worth $64,000 after acquiring an additional 32 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 116 shares of the business's stock in a transaction on 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 $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company's stock, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,891 shares of company stock worth $6,662,473 in the last 90 days. Insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised their price target on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Bank of America lowered their price target on shares of HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. KeyCorp upgraded HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 price objective for the company in a report on Thursday, August 8th. Finally, Barclays increased their target price on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and an average target price of $672.68.

HubSpot Price Performance

Shares of HUBS stock traded down $19.23 on Friday, hitting $677.07. 460,569 shares of the company's stock were exchanged, compared to its average volume of 546,826. The company has a 50 day moving average of $554.78 and a 200 day moving average of $548.16. The stock has a market cap of $34.95 billion, a P/E ratio of -2,507.67, a price-to-earnings-growth ratio of 82.30 and a beta of 1.63. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $724.61.

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