Edmond DE Rothschild Holding S.A. Increases Position in HubSpot, Inc. $HUBS

Key Points

• Edmond DE Rothschild Holding S.A. significantly increased its stake in HubSpot, Inc. by purchasing an additional 45,792 shares, bringing its total ownership to approximately 0.09% of the company, valued at about $26.17 million.
• Major institutional investors such as Vanguard Group and Price T Rowe Associates have also raised their stakes in HubSpot, indicating strong interest from the investment community, with institutional investors owning 90.39% of the stock.
• HubSpot reported a quarterly earnings beat with earnings per share of $2.19, exceeding estimates and reflecting a 19.4% increase in revenue compared to the previous year.

Edmond DE Rothschild Holding S.A. boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 269,364.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,809 shares of the software maker's stock after buying an additional 45,792 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.09% of HubSpot worth $26,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in shares of HubSpot by 1.1% in the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock valued at $861,000 after purchasing an additional 16 shares during the period. WCM Investment Management LLC grew its holdings in HubSpot by 0.6% during the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock valued at $1,553,000 after purchasing an additional 17 shares during the last quarter. Yousif Capital Management LLC grew its holdings in HubSpot by 3.0% during the first quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock valued at $378,000 after purchasing an additional 19 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of HubSpot by 3.5% in the first quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock worth $334,000 after acquiring an additional 20 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of HubSpot by 5.2% in the first quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker's stock worth $231,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HUBS. JPMorgan Chase & Co. cut their price objective on HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. KeyCorp decreased their price objective on HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price objective on the stock in a research note on Wednesday, September 3rd. Stifel Nicolaus dropped their price target on HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. Finally, Canaccord Genuity Group reduced their target price on HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $722.93.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares in the company, valued at $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,498 shares of company stock worth $14,752,256 over the last quarter. 4.00% of the stock is currently owned by corporate insiders.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $3.33 on Tuesday, hitting $501.86. The company's stock had a trading volume of 542,150 shares, compared to its average volume of 742,597. The company has a market capitalization of $26.44 billion, a PE ratio of -2,182.00, a PEG ratio of 16.80 and a beta of 1.58. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13. The company has a 50-day simple moving average of $502.97 and a 200 day simple moving average of $564.96.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.07. The business had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $1.94 EPS. On average, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot 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.