HubSpot, Inc. (NYSE:HUBS) Holdings Lifted by DekaBank Deutsche Girozentrale

Posted by Defense World Staff on Apr 21st, 2023

DekaBank Deutsche Girozentrale grew its position in HubSpot, Inc. (NYSE:HUBS – Get Rating) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,280 shares of the software maker’s stock after purchasing an additional 654 shares during the period. DekaBank Deutsche Girozentrale’s holdings in HubSpot were worth $2,111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBS. Vanguard Group Inc. lifted its stake in shares of HubSpot by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,305,744 shares of the software maker’s stock worth $1,163,068,000 after acquiring an additional 92,964 shares during the period. Clearbridge Investments LLC lifted its stake in shares of HubSpot by 33.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after acquiring an additional 284,039 shares during the period. Durable Capital Partners LP lifted its stake in shares of HubSpot by 19.3% in the 3rd quarter. Durable Capital Partners LP now owns 917,522 shares of the software maker’s stock worth $247,841,000 after acquiring an additional 148,657 shares during the period. Abdiel Capital Advisors LP acquired a new stake in shares of HubSpot in the 3rd quarter worth approximately $220,041,000. Finally, Tiger Global Management LLC acquired a new stake in shares of HubSpot in the 3rd quarter worth approximately $160,530,000. Institutional investors own 90.87% of the company’s stock.

HubSpot Stock Down 0.5 %

HubSpot stock opened at $417.07 on Friday. The firm has a market cap of $20.60 billion, a PE ratio of -177.48 and a beta of 1.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.30 and a current ratio of 2.30. The firm’s 50 day moving average price is $397.51 and its two-hundred day moving average price is $332.37. HubSpot, Inc. has a twelve month low of $245.03 and a twelve month high of $448.37.

HubSpot (NYSE:HUBS – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The software maker reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.22. The firm had revenue of $469.66 million for the quarter, compared to analyst estimates of $444.95 million. HubSpot had a negative net margin of 6.51% and a negative return on equity of 11.16%. On average, research analysts predict that HubSpot, Inc. will post -1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of HubSpot from $447.00 to $466.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 21st. UBS Group upped their price target on shares of HubSpot from $385.00 to $430.00 in a research note on Friday, February 17th. Credit Suisse Group increased their target price on shares of HubSpot from $400.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Oppenheimer increased their target price on shares of HubSpot from $375.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Finally, Piper Sandler reissued an “overweight” rating and set a $450.00 target price on shares of HubSpot in a research note on Monday, March 6th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $426.74.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 6,528 shares of the stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $350.50, for a total transaction of $2,288,064.00. Following the transaction, the chief technology officer now owns 1,472,888 shares in the company, valued at approximately $516,247,244. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CTO Dharmesh Shah sold 6,528 shares of the stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $350.50, for a total transaction of $2,288,064.00. Following the transaction, the chief technology officer now owns 1,472,888 shares in the company, valued at approximately $516,247,244. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $392.85, for a total transaction of $3,339,225.00. Following the transaction, the insider now owns 622,766 shares in the company, valued at approximately $244,653,623.10. The disclosure for this sale can be found here. Insiders have sold a total of 29,519 shares of company stock worth $11,402,831 in the last 90 days. 5.60% of the stock is owned by insiders.

HubSpot Company Profile

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HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.