Banco Bilbao Vizcaya Argentaria S.A. Acquires 3,017 Shares of HubSpot, Inc. $HUBS

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 26.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,536 shares of the software maker’s stock after buying an additional 3,017 shares during the period. 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 bought and sold shares of HUBS. Goodman Advisory Group LLC purchased a new position in shares of HubSpot in the 2nd quarter valued at $27,000. Exane Asset Management purchased a new position in HubSpot in the third quarter valued at about $30,000. Rakuten Securities Inc. grew its stake in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the last quarter. Westside Investment Management Inc. raised its holdings in HubSpot by 80.5% in the third quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock worth $33,000 after purchasing an additional 33 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of HubSpot during the second quarter valued at about $34,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Canaccord Genuity Group set a $485.00 target price on shares of HubSpot in a research note on Thursday, February 12th. BTIG Research cut their price target on shares of HubSpot from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $454.20.

HubSpot Stock Down 0.0%

Shares of NYSE:HUBS opened at $264.28 on Tuesday. HubSpot, Inc. has a 52-week low of $207.20 and a 52-week high of $682.57. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 303.77, a PEG ratio of 3.94 and a beta of 1.40. The business has a 50-day moving average price of $283.16 and a 200-day moving average price of $380.61.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating 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 quarter in the prior year, the firm earned $2.32 earnings per share. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,261 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total value of $2,090,033.00. Following the sale, the director owned 481,168 shares in the company, valued at $121,735,504. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 18,191 shares of company stock valued at $5,017,287. Company insiders own 4.00% of the company’s stock.

HubSpot Company 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.