2,055 Shares in HubSpot, Inc. $HUBS Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,055 shares of the software maker’s stock, valued at approximately $1,212,000.

Several other large investors have also added to or reduced their stakes in HUBS. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter worth $27,000. Cullen Frost Bankers Inc. boosted its holdings in HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after purchasing an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in HubSpot during the first quarter worth $35,000. Clean Yield Group acquired a new position in HubSpot during the first quarter worth $41,000. Finally, GW&K Investment Management LLC boosted its holdings in HubSpot by 203.8% during the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock worth $45,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the topic of several analyst reports. KeyCorp dropped their price target on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. BMO Capital Markets dropped their price target on shares of HubSpot from $650.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Citigroup dropped their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Raymond James Financial dropped their price target on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group dropped their price target on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $722.93.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 119 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $500.00, for a total transaction of $59,500.00. Following the sale, the chief financial officer directly owned 40,563 shares in the company, valued at $20,281,500. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the sale, the director owned 522,435 shares in the company, valued at $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,094 shares of company stock valued at $26,069,239. Corporate insiders own 4.00% of the company’s stock.

HubSpot Stock Down 0.7%

Shares of HubSpot stock opened at $493.10 on Friday. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of -2,143.91, a PEG ratio of 17.12 and a beta of 1.58. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The firm’s 50-day moving average price is $498.16 and its two-hundred day moving average price is $559.75.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Company 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.