Zurcher Kantonalbank Zurich Cantonalbank Buys 1,488 Shares of HubSpot, Inc. (NYSE:HUBS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,924 shares of the software maker's stock after purchasing an additional 1,488 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of HubSpot worth $16,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of HubSpot by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker's stock worth $75,000 after buying an additional 15 shares during the period. Lincoln National Corp boosted its holdings in shares of HubSpot by 2.6% during the 4th quarter. Lincoln National Corp now owns 666 shares of the software maker's stock worth $387,000 after buying an additional 17 shares during the period. Addison Capital Co boosted its holdings in shares of HubSpot by 0.5% during the 4th quarter. Addison Capital Co now owns 3,822 shares of the software maker's stock worth $2,219,000 after buying an additional 18 shares during the period. First Affirmative Financial Network boosted its holdings in shares of HubSpot by 3.8% during the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker's stock worth $309,000 after buying an additional 18 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in shares of HubSpot by 17.9% during the 1st quarter. Lindbrook Capital LLC now owns 138 shares of the software maker's stock worth $86,000 after buying an additional 21 shares during the period. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

HUBS has been the subject of several research analyst reports. BMO Capital Markets reduced their target price on shares of HubSpot from $635.00 to $570.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Citigroup cut their price objective 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. Barclays cut their price objective on shares of HubSpot from $575.00 to $500.00 and set an "equal weight" rating for the company in a report on Friday, August 9th. Wells Fargo & Company cut their price objective on shares of HubSpot from $650.00 to $625.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Finally, Truist Financial reissued a "buy" rating and issued a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and an average target price of $610.79.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the sale, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Yamini Rangan sold 2,877 shares of the company's stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares in the company, valued at approximately $40,332,333.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares of the company's stock, valued at $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold 37,896 shares of company stock worth $21,243,275 over the last ninety days. Insiders own 4.50% of the company's stock.

HubSpot Trading Down 0.3 %

HUBS traded down $1.54 during trading on Friday, reaching $498.51. 415,364 shares of the company's stock were exchanged, compared to its average volume of 634,674. The firm has a fifty day moving average price of $511.51 and a two-hundred day moving average price of $579.45. The stock has a market capitalization of $25.41 billion, a PE ratio of -188.69 and a beta of 1.60. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. HubSpot's quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted ($1.17) earnings per share. As a group, equities research analysts forecast that HubSpot, Inc. will post -0.44 earnings per share for the current fiscal year.

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.