OVERSEA CHINESE BANKING Corp Ltd Reduces Position in HubSpot, Inc. (NYSE:HUBS)

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 29.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,860 shares of the software maker’s stock after selling 7,625 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in HubSpot were worth $12,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of HubSpot by 1.7% during the 3rd 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. CIBC Asset Management Inc increased its holdings in shares of HubSpot by 5.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,890 shares of the software maker’s stock worth $1,005,000 after buying an additional 93 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of HubSpot by 10.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 33,559 shares of the software maker’s stock valued at $17,840,000 after buying an additional 3,270 shares during the period. Swiss National Bank lifted its holdings in HubSpot by 0.8% in the third quarter. Swiss National Bank now owns 143,700 shares of the software maker’s stock valued at $76,391,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Quest Partners LLC grew its position in HubSpot by 125.6% in the third quarter. Quest Partners LLC now owns 871 shares of the software maker’s stock worth $463,000 after acquiring an additional 485 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Down 2.7 %

HUBS stock opened at $596.71 on Wednesday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company has a market cap of $31.12 billion, a P/E ratio of 6,630.81, a P/E/G ratio of 41.44 and a beta of 1.80. The company’s 50-day moving average price is $721.64 and its 200 day moving average price is $654.04.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on HUBS shares. Truist Financial reissued a “buy” rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a research note on Thursday, February 13th. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Mizuho boosted their target price on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Citigroup upped their price target on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $863.96.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,497 shares of company stock valued at $11,097,251. Insiders own 4.50% of the company’s stock.

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.