ING Groep NV Takes $3.08 Million Position in HubSpot, Inc. (NYSE:HUBS)

ING Groep NV bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 5,800 shares of the software maker’s stock, valued at approximately $3,083,000.

Several other large investors have also recently bought and sold shares of HUBS. Vanguard Group Inc. raised its stake in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after purchasing an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after acquiring an additional 176,336 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after acquiring an additional 3,775 shares during the last quarter. Capital Research Global Investors grew its position in shares of HubSpot by 0.9% in the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after acquiring an additional 4,242 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after purchasing an additional 113,555 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Down 2.8 %

Shares of HubSpot stock opened at $677.07 on Friday. The firm’s 50-day moving average price is $554.78 and its two-hundred day moving average price is $548.56. The company has a market capitalization of $34.95 billion, a price-to-earnings ratio of -2,507.57, a PEG ratio of 85.11 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) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate 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 revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) earnings per share. On average, sell-side analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $792,440.88. Following the completion of the transaction, the chief executive officer now owns 62,668 shares of the company’s stock, valued at $32,953,341.12. This represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,891 shares of company stock valued at $6,662,473 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America cut their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $672.68.

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.