HubSpot, Inc. (NYSE:HUBS) Shares Acquired by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in HubSpot, Inc. (NYSE:HUBS) by 49.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,539 shares of the software maker’s stock after purchasing an additional 845 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in HubSpot were worth $1,769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Dorsal Capital Management LP grew its position in shares of HubSpot by 6.7% in the 4th quarter. Dorsal Capital Management LP now owns 160,000 shares of the software maker’s stock worth $111,483,000 after acquiring an additional 10,000 shares in the last quarter. Colonial Trust Co SC lifted its stake in HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker’s stock worth $40,000 after purchasing an additional 30 shares during the last quarter. Cetera Investment Advisers boosted its holdings in HubSpot by 3.2% in the fourth quarter. Cetera Investment Advisers now owns 4,152 shares of the software maker’s stock worth $2,893,000 after purchasing an additional 127 shares during the period. Captrust Financial Advisors increased its stake in HubSpot by 41.8% during the fourth quarter. Captrust Financial Advisors now owns 1,933 shares of the software maker’s stock valued at $1,347,000 after purchasing an additional 570 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of HubSpot by 10.0% during the fourth quarter. Brown Advisory Inc. now owns 18,501 shares of the software maker’s stock worth $12,891,000 after purchasing an additional 1,681 shares during the period. 90.39% of the stock is owned by institutional investors.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $602.31 on Friday. The stock’s 50 day moving average price is $584.93 and its 200 day moving average price is $667.48. The stock has a market cap of $31.70 billion, a price-to-earnings ratio of 6,693.08, a PEG ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS 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, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Jefferies Financial Group decreased their price target on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Oppenheimer lifted their target price on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Friday. Stephens started coverage on HubSpot in a research report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price target on the stock. Royal Bank of Canada boosted their price objective on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $772.56.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction on 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 directly owns 71,693 shares in the company, valued at $43,015,800. The trade was a 0.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,562 shares of company stock valued at $18,401,757. 4.50% of the stock is owned by insiders.

About HubSpot

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.