ING Groep NV Invests $3.08 Million in HubSpot, Inc. (NYSE:HUBS)

ING Groep NV acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,800 shares of the software maker’s stock, valued at approximately $3,083,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. HM Payson & Co. boosted its holdings in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in shares of HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after buying an additional 25 shares during the period. V Square Quantitative Management LLC increased its stake in HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after acquiring an additional 27 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock valued at $698,000 after acquiring an additional 30 shares in the last quarter. Finally, Quent Capital LLC lifted its position in shares of HubSpot by 13.0% in the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS opened at $677.07 on Friday. The stock has a market capitalization of $34.95 billion, a P/E ratio of -2,507.57, a price-to-earnings-growth ratio of 85.11 and a beta of 1.63. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $724.61. The stock has a fifty day moving average of $554.78 and a 200-day moving average of $548.56.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same period last year, the company earned ($0.04) earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. Equities research analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on HUBS shares. Evercore ISI upped their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Raymond James reduced their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and upped their target price for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Citigroup cut their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Barclays upped their price objective on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $22,692,450. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,891 shares of company stock worth $6,662,473 over the last ninety days. Company insiders own 4.50% of the company’s stock.

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.