Gulf International Bank UK Ltd Has $2.57 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Gulf International Bank UK Ltd decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,694 shares of the software maker’s stock after selling 34 shares during the quarter. Gulf International Bank UK Ltd’s holdings in HubSpot were worth $2,573,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HUBS. Wellington Management Group LLP lifted its holdings in 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 last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 17.9% during 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 lifted its holdings in shares of HubSpot by 49.5% during the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock worth $110,489,000 after buying an additional 68,827 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of HubSpot by 191.6% during the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock worth $38,754,000 after buying an additional 47,900 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after buying an additional 47,736 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Up 1.6 %

Shares of HUBS stock opened at $724.46 on Friday. The business’s 50-day moving average price is $739.69 and its 200-day moving average price is $640.38. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a market capitalization of $37.78 billion, a price-to-earnings ratio of 8,050.45, a PEG ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HUBS shares. Jefferies Financial Group lifted their target price on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a report on Thursday, February 13th. Truist Financial reissued a “buy” rating and set a $900.00 target price (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Needham & Company LLC lifted their target price on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Piper Sandler raised their price target on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

Insider Activity

In related news, 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 directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $374,819,745.70. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is currently owned by corporate 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.