Zurcher Kantonalbank Zurich Cantonalbank Buys 4,638 Shares of HubSpot, Inc. (NYSE:HUBS)

Key Points

• Zurcher Kantonalbank increased its holdings in HubSpot, Inc. by 16.2% in Q1, acquiring an additional 4,638 shares, bringing its total ownership to 33,182 shares valued at approximately $18.96 million.
• HubSpot's stock has decreased by 2.1%, trading at $547.72, with a market capitalization of $28.89 billion, and a reported P/E ratio of -1,217.16.
• Recent analyst reports show a consensus rating of "Moderate Buy" for HubSpot, with target prices varying from $700.00 to $825.00 across different institutions.

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,182 shares of the software maker's stock after acquiring an additional 4,638 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of HubSpot worth $18,957,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Elequin Capital LP bought a new position in HubSpot during the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC lifted its holdings in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after purchasing an additional 32 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after purchasing an additional 34 shares during the last quarter. Finally, Colonial Trust Co SC lifted its holdings in HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after purchasing an additional 30 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research note on Friday, May 9th. BMO Capital Markets reduced their target price on shares of HubSpot from $735.00 to $650.00 and set an "outperform" rating for the company in a report on Friday, July 18th. Piper Sandler increased their price target on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Stifel Nicolaus cut their price target on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research note on Monday, July 14th. Finally, Cantor Fitzgerald initiated coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price objective on the stock. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $759.04.

HubSpot Trading Down 3.8%

NYSE:HUBS traded down $19.74 during mid-day trading on Friday, hitting $499.92. 270,049 shares of the company's stock were exchanged, compared to its average volume of 685,863. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company has a 50 day simple moving average of $562.51 and a 200-day simple moving average of $622.76. The firm has a market capitalization of $26.37 billion, a P/E ratio of -1,110.92, a PEG ratio of 19.58 and a beta of 1.66.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the sale, the director owned 522,435 shares in the company, valued at approximately $283,718,775.45. The trade was 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 company's stock in a transaction 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 sale, the chief executive officer 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,998 shares of company stock worth $10,928,616. 4.50% of the stock is currently owned by insiders.

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.