OVERSEA CHINESE BANKING Corp Ltd Increases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

OVERSEA CHINESE BANKING Corp Ltd increased its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 235.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,975 shares of the software maker's stock after purchasing an additional 42,115 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.11% of HubSpot worth $34,263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in shares of HubSpot by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after buying an additional 74,990 shares in the last quarter. Geode Capital Management LLC lifted its holdings in HubSpot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after purchasing an additional 9,922 shares in the last quarter. Groupama Asset Managment boosted its position in shares of HubSpot by 3.8% in the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock worth $506,412,000 after purchasing an additional 26,799 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after purchasing an additional 104,800 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of HubSpot during the 4th quarter valued at $420,345,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays lowered their price objective on HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus dropped their target price on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday. Oppenheimer lifted their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Stephens initiated coverage on HubSpot in a research report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price objective for the company. Finally, Mizuho decreased their target price on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and an average price target of $764.93.

Insider Buying and Selling

In other news, CFO Kathryn Bueker sold 615 shares of the firm's 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 sale, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the transaction, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,678 shares of company stock worth $11,298,621 in the last three months. 4.50% of the stock is owned by insiders.

HubSpot Price Performance

NYSE HUBS traded up $14.68 during midday trading on Monday, hitting $538.95. 852,390 shares of the company traded hands, compared to its average volume of 688,765. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company's 50-day simple moving average is $591.09 and its 200-day simple moving average is $637.16. The company has a market cap of $28.42 billion, a PE ratio of -1,197.66, a price-to-earnings-growth ratio of 19.49 and a beta of 1.66.

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.