Union Bancaire Privee UBP SA Grows Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Union Bancaire Privee UBP SA boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,208 shares of the software maker’s stock after acquiring an additional 117 shares during the period. Union Bancaire Privee UBP SA’s holdings in HubSpot were worth $4,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legato Capital Management LLC acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $1,951,000. Northern Trust Corp increased its stake in HubSpot by 18.0% in the 4th quarter. Northern Trust Corp now owns 345,535 shares of the software maker’s stock valued at $240,758,000 after buying an additional 52,792 shares during the period. Empowered Funds LLC raised its position in HubSpot by 3.1% during the 4th quarter. Empowered Funds LLC now owns 833 shares of the software maker’s stock worth $580,000 after buying an additional 25 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of HubSpot by 56.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 159,997 shares of the software maker’s stock valued at $111,481,000 after acquiring an additional 57,998 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HubSpot in the fourth quarter valued at about $32,682,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Trading Down 1.5%

NYSE:HUBS opened at $573.34 on Thursday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a market cap of $30.24 billion, a price-to-earnings ratio of 6,371.10, a price-to-earnings-growth ratio of 41.44 and a beta of 1.70. The company’s 50-day moving average is $593.86 and its two-hundred day moving average is $665.14.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares of the company’s stock, valued at $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 680 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,062 shares of company stock worth $11,516,757. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HUBS shares. Macquarie initiated coverage on shares of HubSpot in a research report on Monday, March 24th. They issued an “outperform” rating and a $730.00 price objective for the company. Wells Fargo & Company reduced their price target on HubSpot from $700.00 to $675.00 and set an “overweight” rating for the company in a report on Monday. William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $900.00 price objective on shares of HubSpot in a research report on Friday, May 9th. Finally, UBS Group boosted their target price on shares of HubSpot from $675.00 to $820.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $766.71.

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.