Zurcher Kantonalbank Zurich Cantonalbank Buys 1,050 Shares of HubSpot, Inc. (NYSE:HUBS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,126 shares of the software maker’s stock after buying an additional 1,050 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in HubSpot were worth $19,231,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HUBS. Jennison Associates LLC lifted its stake in shares of HubSpot by 728.0% in the third quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock valued at $390,126,000 after buying an additional 696,469 shares during the period. Durable Capital Partners LP acquired a new position in HubSpot in the first quarter worth about $283,913,000. Norges Bank acquired a new position in HubSpot in the fourth quarter worth about $141,314,000. Clearbridge Investments LLC raised its position in HubSpot by 33.6% in the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after purchasing an additional 284,039 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in HubSpot by 26.0% in the third quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after purchasing an additional 257,632 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 8,817 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the transaction, the chief executive officer now directly owns 88,977 shares of the company’s stock, valued at $55,165,740. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares in the company, valued at approximately $334,656,763.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 8,817 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at approximately $55,165,740. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,362 shares of company stock valued at $14,012,491. 4.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

HUBS has been the subject of several recent research reports. KeyCorp initiated coverage on shares of HubSpot in a research report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price target for the company. TheStreet raised shares of HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Truist Financial increased their price target on shares of HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada increased their price target on shares of HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Scotiabank raised their price objective on shares of HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot Trading Up 2.5 %

Shares of HubSpot stock opened at $649.34 on Friday. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a 50 day simple moving average of $625.42 and a 200 day simple moving average of $551.99.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The firm had revenue of $581.91 million for the quarter, compared to analysts’ expectations of $557.48 million. On average, analysts anticipate that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

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.