Groupe la Francaise raised its stake in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) by 38.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 40,112 shares of the software maker’s stock after purchasing an additional 11,108 shares during the period. Groupe la Francaise’s holdings in HubSpot were worth $7,327,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBS. National Bank of Canada FI increased its stake in HubSpot by 8.6% in the 3rd quarter. National Bank of Canada FI now owns 379 shares of the software maker’s stock valued at $177,000 after buying an additional 30 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of 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 acquiring an additional 47 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in HubSpot by 2.9% during the second quarter. Orion Porfolio Solutions LLC now owns 1,784 shares of the software maker’s stock worth $994,000 after acquiring an additional 51 shares during the period. Elevation Point Wealth Partners LLC lifted its holdings in HubSpot by 3.3% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 1,738 shares of the software maker’s stock worth $697,000 after acquiring an additional 55 shares during the period. Finally, Turning Point Benefit Group Inc. purchased a new position in HubSpot in the third quarter worth $25,000. 90.39% of the stock is owned by institutional investors.
HubSpot Trading Down 0.1%
Shares of HubSpot stock opened at $247.24 on Tuesday. The company’s 50-day moving average price is $225.24 and its 200-day moving average price is $224.50. HubSpot, Inc. has a 12-month low of $169.63 and a 12-month high of $525.51. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 87.36, a PEG ratio of 2.67 and a beta of 1.18.
Insider Transactions at HubSpot
In related news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total value of $1,879,265.00. Following the sale, the director owned 85,000 shares in the company, valued at approximately $18,792,650. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Erika Fisher sold 702 shares of HubSpot stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $235.22, for a total value of $165,124.44. Following the sale, the insider directly owned 14,581 shares of the company’s stock, valued at $3,429,742.82. This represents a 4.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 26,202 shares of company stock valued at $5,477,709. 3.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on HUBS shares. BTIG Research lowered their target price on HubSpot from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Canaccord Genuity Group reduced their target price on shares of HubSpot from $335.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Wall Street Zen lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. BNP Paribas Exane lowered HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Monday, May 11th. Finally, Wolfe Research lowered HubSpot from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $271.07.
View Our Latest Report on HUBS
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.
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