HubSpot, Inc. $HUBS Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 26.2% during the third quarter, Holdings Channel reports. The institutional investor owned 14,536 shares of the software maker’s stock after acquiring an additional 3,017 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in HubSpot were worth $6,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Norges Bank acquired a new position in HubSpot in the second quarter valued at approximately $269,941,000. Vanguard Group Inc. grew its stake in shares of HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after purchasing an additional 345,524 shares during the period. AQR Capital Management LLC grew its stake in shares of HubSpot by 89.2% during the 3rd quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock worth $255,623,000 after purchasing an additional 257,577 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of HubSpot by 166.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 321,679 shares of the software maker’s stock valued at $179,055,000 after purchasing an additional 200,844 shares in the last quarter. Finally, Amundi increased its holdings in shares of HubSpot by 57.6% during the 3rd quarter. Amundi now owns 452,252 shares of the software maker’s stock valued at $209,660,000 after purchasing an additional 165,315 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares in the company, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,191 shares of company stock worth $5,017,287 in the last 90 days. 4.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Canaccord Genuity Group set a $485.00 price target on shares of HubSpot in a report on Thursday, February 12th. Citigroup lifted their price objective on shares of HubSpot from $600.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 13th. Mizuho decreased their price objective on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. Finally, Needham & Company LLC dropped their target price on HubSpot from $700.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $454.20.

HubSpot Price Performance

Shares of HubSpot stock opened at $264.28 on Tuesday. The stock has a market capitalization of $13.94 billion, a P/E ratio of 303.77, a PEG ratio of 3.94 and a beta of 1.40. The business has a 50 day simple moving average of $283.16 and a two-hundred day simple moving average of $380.61. HubSpot, Inc. has a 12 month low of $207.20 and a 12 month high of $682.57.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. During the same period in the previous year, the company posted $2.32 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. As a group, research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.