Bank Julius Baer & Co. Ltd Zurich Acquires 2,925 Shares of HubSpot, Inc. (NYSE:HUBS)

Bank Julius Baer & Co. Ltd Zurich grew its position in HubSpot, Inc. (NYSE:HUBS) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,832 shares of the software maker’s stock after purchasing an additional 2,925 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in HubSpot were worth $16,133,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HUBS. First Horizon Advisors Inc. lifted its position in HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after purchasing an additional 15 shares during the last quarter. Amalgamated Bank increased its stake in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after buying an additional 16 shares during the period. Avitas Wealth Management LLC increased its stake in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after buying an additional 17 shares during the period. Principal Securities Inc. increased its position in HubSpot by 17.2% during the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock valued at $81,000 after purchasing an additional 17 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,997 shares of company stock worth $35,796,526. 4.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HUBS has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley upped their target price on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Redburn Atlantic assumed coverage on shares of HubSpot in a research report on Wednesday, February 19th. They set a “buy” rating for the company. JPMorgan Chase & Co. upped their price target on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Needham & Company LLC upped their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Price Performance

HubSpot stock opened at $640.87 on Friday. The stock has a market capitalization of $33.42 billion, a PE ratio of 7,121.52, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The business has a 50 day simple moving average of $735.56 and a 200-day simple moving average of $647.95.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.