UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $378.16 Million Holdings in HubSpot, Inc. $HUBS

Key Points

• UBS AM increased its holdings in HubSpot, Inc. by 16.6% in the first quarter, bringing their total ownership to approximately $378.16 million.
• Analysts have mixed views on HubSpot's stock, with price target estimates ranging from $600.00 to $775.00 and an average target price of $722.93.
• HubSpot reported a quarterly revenue of $760.87 million, exceeding expectations, with earnings per share of $2.19 compared to the anticipated $2.12.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 16.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 661,946 shares of the software maker's stock after buying an additional 94,481 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.26% of HubSpot worth $378,163,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Zurich Insurance Group Ltd FI boosted its stake in HubSpot by 26.5% in the first quarter. Zurich Insurance Group Ltd FI now owns 79,474 shares of the software maker's stock valued at $45,403,000 after buying an additional 16,644 shares in the last quarter. Empowered Funds LLC raised its position in HubSpot by 88.5% in the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker's stock valued at $897,000 after purchasing an additional 737 shares during the last quarter. Fred Alger Management LLC raised its position in HubSpot by 25.4% in the first quarter. Fred Alger Management LLC now owns 13,451 shares of the software maker's stock valued at $7,684,000 after purchasing an additional 2,726 shares during the last quarter. Jones Financial Companies Lllp raised its position in HubSpot by 17,778.8% in the first quarter. Jones Financial Companies Lllp now owns 53,994 shares of the software maker's stock valued at $30,846,000 after purchasing an additional 53,692 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its position in HubSpot by 1.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 6,070 shares of the software maker's stock valued at $3,468,000 after purchasing an additional 106 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on HUBS shares. Cantor Fitzgerald started coverage on HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 target price for the company. UBS Group reiterated an "outperform" rating on shares of HubSpot in a research report on Wednesday, September 3rd. BMO Capital Markets dropped 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. Stifel Nicolaus dropped their target price on HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Finally, Raymond James Financial dropped their target price on HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $722.93.

HubSpot Price Performance

Shares of HUBS opened at $489.99 on Thursday. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13. The company has a market capitalization of $25.82 billion, a price-to-earnings ratio of -2,130.37, a price-to-earnings-growth ratio of 17.30 and a beta of 1.58. The business has a 50-day moving average of $500.76 and a 200-day moving average of $564.01.

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, topping analysts' consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during 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 firm's revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. As a group, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 477 shares of HubSpot stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $500.00, for a total value of $238,500.00. Following the completion of the sale, the chief executive officer directly owned 62,291 shares in the company, valued at approximately $31,145,500. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the sale, the director owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,094 shares of company stock valued at $26,069,239. Company insiders own 4.00% of the company's stock.

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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