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

KBC Group NV increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 5.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,695 shares of the software maker’s stock after buying an additional 711 shares during the period. KBC Group NV’s holdings in HubSpot were worth $6,748,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in shares of HubSpot by 5.0% during the first quarter. US Bancorp DE now owns 2,030 shares of the software maker’s stock worth $1,272,000 after purchasing an additional 97 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in HubSpot by 6.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 4,827 shares of the software maker’s stock worth $3,025,000 after buying an additional 297 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of HubSpot by 11.8% in the 1st quarter. Blair William & Co. IL now owns 1,427 shares of the software maker’s stock worth $894,000 after buying an additional 151 shares during the last quarter. Nicolet Advisory Services LLC purchased a new stake in shares of HubSpot during the 1st quarter valued at $285,000. Finally, Vanguard Group Inc. grew its position in HubSpot by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after acquiring an additional 39,098 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 2.8 %

Shares of HUBS stock opened at $677.07 on Friday. The stock has a fifty day moving average of $554.78 and a 200 day moving average of $548.56. The firm has a market capitalization of $34.95 billion, a price-to-earnings ratio of -2,507.57, a PEG ratio of 85.11 and a beta of 1.63. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $724.61.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $792,440.88. Following the completion of the transaction, the chief executive officer now owns 62,668 shares of the company’s stock, valued at approximately $32,953,341.12. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,891 shares of company stock worth $6,662,473. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HUBS shares. Evercore ISI upped their price objective on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and set a $750.00 price target (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Raymond James lowered their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company increased their target price on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $672.68.

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.