KBC Group NV Increases Stake in HubSpot, Inc. (NYSE:HUBS)

KBC Group NV boosted its position in HubSpot, Inc. (NYSE:HUBS) by 45.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,515 shares of the software maker’s stock after acquiring an additional 5,820 shares during the period. KBC Group NV’s holdings in HubSpot were worth $12,901,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the period. International Assets Investment Management LLC increased its position in shares of HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after buying an additional 126,462 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of HubSpot by 49.5% in the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock valued at $110,489,000 after acquiring an additional 68,827 shares during the period. Finally, Two Sigma Advisers LP grew its stake in HubSpot by 191.6% during the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock valued at $38,754,000 after acquiring an additional 47,900 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock valued at $54,900,427 in the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot Trading Down 1.9 %

NYSE HUBS opened at $779.59 on Thursday. The firm has a market cap of $40.25 billion, a PE ratio of -2,887.28, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79. The stock has a 50-day moving average of $720.89 and a 200-day moving average of $595.82.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. As a group, equities research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on HUBS shares. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price objective on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays boosted their target price on HubSpot from $650.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Monday. Mizuho raised their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Oppenheimer boosted their price objective on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $724.52.

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.