Erste Asset Management GmbH Acquires 19 Shares of HubSpot, Inc. (NYSE:HUBS)

Erste Asset Management GmbH raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,299 shares of the software maker’s stock after buying an additional 19 shares during the period. Erste Asset Management GmbH’s holdings in HubSpot were worth $2,336,000 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 HUBS. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of HubSpot by 13.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 131,129 shares of the software maker’s stock worth $69,708,000 after purchasing an additional 15,701 shares in the last quarter. Aigen Investment Management LP bought a new stake in HubSpot during the third quarter worth $211,000. Victory Capital Management Inc. lifted its stake in HubSpot by 1.7% in the third quarter. Victory Capital Management Inc. now owns 24,620 shares of the software maker’s stock valued at $13,088,000 after acquiring an additional 416 shares during the last quarter. KBC Group NV grew its position in shares of HubSpot by 5.9% in the 3rd quarter. KBC Group NV now owns 12,695 shares of the software maker’s stock valued at $6,748,000 after acquiring an additional 711 shares during the period. Finally, Curi RMB Capital LLC increased its stake in shares of HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,997 shares of company stock valued at $35,796,526. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

NYSE:HUBS opened at $609.73 on Friday. The company has a market cap of $31.80 billion, a price-to-earnings ratio of 6,775.49, a PEG ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a fifty day moving average price of $725.59 and a 200-day moving average price of $650.40.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HUBS shares. Redburn Atlantic initiated coverage on shares of HubSpot in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. JPMorgan Chase & Co. raised their price objective on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Oppenheimer boosted their target price on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Scotiabank raised their price target on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

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.