Banco Bilbao Vizcaya Argentaria S.A. Has $7.06 Million Stock Position in HubSpot, Inc. $HUBS

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in HubSpot by 32.0% in the first quarter, acquiring 3,000 additional shares for a total holding worth $7.06 million.
• HubSpot reported earnings of $2.19 per share for the last quarter, surpassing analysts' expectations of $2.12, with a 19.4% increase in revenue year-over-year.
• Institutional investors own 90.39% of HubSpot’s stock, with several hedge funds significantly increasing their stakes during the first quarter.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 32.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,381 shares of the software maker's stock after acquiring an additional 3,000 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in HubSpot were worth $7,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HUBS. Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after acquiring an additional 251,853 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after acquiring an additional 201,994 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of HubSpot by 80,552.5% in the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock worth $1,018,280,000 after acquiring an additional 178,021 shares during the last quarter. Nuveen LLC acquired a new stake in shares of HubSpot in the first quarter worth $99,963,000. Finally, Two Sigma Investments LP grew its stake in shares of HubSpot by 156.1% in the fourth quarter. Two Sigma Investments LP now owns 143,217 shares of the software maker's stock worth $99,789,000 after acquiring an additional 87,298 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $452.8720 on Thursday. The stock has a market cap of $23.86 billion, a PE ratio of -1,969.01, a PEG ratio of 15.27 and a beta of 1.66. The business has a fifty day moving average of $522.50 and a two-hundred day moving average of $595.52. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to analysts' expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business's revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned $1.94 earnings per share. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the transaction, the chief executive officer directly owned 63,918 shares of the company's stock, valued at $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the transaction, the chief financial officer directly owned 41,086 shares of the company's stock, valued at $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,998 shares of company stock valued at $10,928,616 over the last ninety days. 4.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HUBS. Wells Fargo & Company raised their target price on HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. KeyCorp reduced their target price on HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. reduced their target price on HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Finally, BMO Capital Markets reduced their target price on HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $726.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.