14,488 Shares in HubSpot, Inc. $HUBS Purchased by Banco Santander S.A.

Banco Santander S.A. bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,488 shares of the software maker’s stock, valued at approximately $6,777,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new position in shares of HubSpot in the second quarter valued at approximately $27,000. Rakuten Securities Inc. grew its holdings in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after purchasing an additional 47 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in HubSpot in the 2nd quarter valued at about $34,000. Exane Asset Management bought a new position in HubSpot in the third quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of HubSpot in the 2nd quarter valued at $39,000. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. This represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the 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 transaction, the insider owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This represents a 7.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 26,691 shares of company stock worth $8,136,702. Corporate insiders own 4.00% of the company’s stock.

HubSpot Price Performance

HUBS opened at $264.54 on Friday. HubSpot, Inc. has a fifty-two week low of $207.20 and a fifty-two week high of $732.00. The company’s 50-day moving average is $310.16 and its 200 day moving average is $395.25. The firm has a market capitalization of $13.95 billion, a P/E ratio of 304.07, a PEG ratio of 3.98 and a beta of 1.44.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Rothschild & Co Redburn lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Needham & Company LLC decreased their price target on HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. KeyCorp lowered their target price on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Jefferies Financial Group lowered their target price on HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Bank of America dropped their price objective on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Two 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, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $452.70.

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.