HubSpot, Inc. (NYSE:HUBS) Shares Bought by KBC Group NV

KBC Group NV boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,515 shares of the software maker's stock after purchasing an additional 5,820 shares during the period. KBC Group NV's holdings in HubSpot were worth $12,901,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. lifted its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after purchasing an additional 18 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in 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 acquiring an additional 19 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in HubSpot by 1.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker's stock valued at $798,000 after acquiring an additional 21 shares during the period. Ballentine Partners LLC boosted its position in HubSpot by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker's stock worth $393,000 after purchasing an additional 25 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its holdings in HubSpot by 2.6% during the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker's stock worth $541,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HUBS shares. Royal Bank of Canada boosted their price objective on HubSpot from $750.00 to $825.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. TD Cowen cut shares of HubSpot from a "buy" rating to a "hold" rating and increased their target price for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Morgan Stanley boosted their price target on shares of HubSpot from $747.00 to $835.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. UBS Group lowered shares of HubSpot from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 17th. Finally, Bank of America increased their price target on HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $724.52.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value 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 approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 4,381 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 41,259 shares of the company's stock, valued at approximately $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $4.75 during trading on Thursday, hitting $773.04. The company's stock had a trading volume of 401,884 shares, compared to its average volume of 428,079. The business has a 50 day moving average price of $722.58 and a two-hundred day moving average price of $597.11. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $811.79. The company has a market capitalization of $39.90 billion, a PE ratio of -2,871.96, a P/E/G ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business's quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts expect that HubSpot, Inc. will post 0.42 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.