Union Bancaire Privee UBP SA Decreases Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• Union Bancaire Privee UBP SA has reduced its stake in HubSpot, Inc. by 72.9%, leaving it with 1,952 shares worth approximately $1,069,000 as of the latest SEC filing.
• HubSpot reported a quarterly EPS of $2.19, exceeding analysts' expectations, and a revenue growth of 19.4% year-over-year, indicating strong financial performance.
• Numerous analysts have revised their price targets for HubSpot, with a consensus rating of "Moderate Buy" and an average target of $723.11.

Union Bancaire Privee UBP SA trimmed its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 72.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,952 shares of the software maker's stock after selling 5,256 shares during the quarter. Union Bancaire Privee UBP SA's holdings in HubSpot were worth $1,069,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HUBS. Cullen Frost Bankers Inc. lifted its stake in HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after purchasing an additional 34 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of HubSpot during the 1st quarter worth approximately $35,000. Clean Yield Group acquired a new stake in shares of HubSpot during the 1st quarter worth approximately $41,000. GW&K Investment Management LLC increased its holdings in shares of HubSpot by 203.8% during the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock worth $45,000 after buying an additional 53 shares during the last quarter. Finally, S Bank Fund Management Ltd acquired a new stake in shares of HubSpot during the 1st quarter worth approximately $46,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Performance

HubSpot stock opened at $468.33 on Wednesday. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The company has a market capitalization of $24.68 billion, a PE ratio of -2,036.22, a price-to-earnings-growth ratio of 17.93 and a beta of 1.58. The firm has a 50 day moving average price of $489.99 and a 200 day moving average price of $547.98.

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

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 119 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.00, for a total value of $59,500.00. Following the completion of the transaction, the chief financial officer owned 40,563 shares of the company's stock, valued at $20,281,500. This trade represents a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director directly owned 522,435 shares of the company's stock, valued at $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,096 shares of company stock worth $24,062,137. 4.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HUBS. Canaccord Genuity Group cut their price target on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, August 7th. BMO Capital Markets cut their price target on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Piper Sandler began coverage on shares of HubSpot in a report on Thursday, September 4th. They set an "overweight" rating and a $675.00 price target for the company. Macquarie cut their price target on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Finally, 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 report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $723.11.

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.

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