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

OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 243.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,485 shares of the software maker’s stock after acquiring an additional 18,060 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in HubSpot were worth $13,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after buying an additional 176,336 shares during the period. Fred Alger Management LLC raised its holdings in HubSpot by 516.2% during the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after buying an additional 136,793 shares during the period. International Assets Investment Management LLC raised its holdings in HubSpot by 214,342.4% during the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after buying an additional 126,462 shares during the period. Marshall Wace LLP raised its holdings in HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after buying an additional 113,555 shares during the period. Finally, Dorsal Capital Management LP purchased a new stake in HubSpot during the 2nd quarter valued at $44,234,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Trading Up 3.7 %

Shares of HUBS opened at $680.99 on Tuesday. HubSpot, Inc. has a 12 month low of $425.07 and a 12 month high of $693.85. The stock’s 50 day moving average is $535.45 and its two-hundred day moving average is $545.35. The firm has a market cap of $35.15 billion, a P/E ratio of -2,522.09, a PEG ratio of 8,729.41 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period last year, the company earned ($0.04) earnings per share. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several research analyst reports. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $570.00 to $640.00 in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. Stifel Nicolaus upped their price objective on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $666.26.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Yamini Rangan sold 1,507 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the sale, the chief executive officer now owns 62,668 shares in the company, valued at approximately $32,953,341.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at $21,695,632.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,937 shares of company stock valued at $3,194,673 over the last ninety days. Insiders own 4.50% of the company’s stock.

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.