Gulf International Bank UK Ltd Has $1.60 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Key Points

• Gulf International Bank UK Ltd has reduced its stake in HubSpot by 24.3%, now holding shares worth approximately $1.6 million after selling 898 shares in the first quarter.
• Several institutional investors, including Canada Pension Plan Investment Board, have increased their positions in HubSpot, indicating significant interest in the company.
• HubSpot reported $2.19 EPS last quarter, beating expectations and showing a 19.4% increase in revenue year-over-year, despite still facing a negative net margin.

Gulf International Bank UK Ltd cut its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 24.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,796 shares of the software maker's stock after selling 898 shares during the period. Gulf International Bank UK Ltd's holdings in HubSpot were worth $1,597,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Highview Capital Management LLC DE lifted its position in shares of HubSpot by 4.5% in the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock valued at $2,098,000 after buying an additional 129 shares during the last quarter. Mariner LLC lifted its position in shares of HubSpot by 4.3% in the fourth quarter. Mariner LLC now owns 5,974 shares of the software maker's stock valued at $4,163,000 after buying an additional 249 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $785,000. Canada Pension Plan Investment Board lifted its position in shares of HubSpot by 58.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 48,406 shares of the software maker's stock valued at $33,728,000 after buying an additional 17,818 shares during the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $283,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HUBS shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research report on Friday, May 9th. Raymond James Financial cut their price objective on HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Wells Fargo & Company raised their price objective on HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Cantor Fitzgerald began coverage on HubSpot in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price on the stock. Finally, Scotiabank lowered their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $726.04.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total value of $4,616,095.00. Following the sale, the director owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.00% of the stock is currently owned by corporate insiders.

HubSpot Price Performance

HubSpot stock opened at $429.90 on Friday. The stock's fifty day moving average price is $534.21 and its two-hundred day moving average price is $604.77. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The firm has a market cap of $22.65 billion, a PE ratio of -1,869.13, a price-to-earnings-growth ratio of 15.08 and a beta of 1.66.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%. The company's revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. Sell-side 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.

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