Caisse de depot et placement du Quebec purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 80,512 shares of the software maker’s stock, valued at approximately $14,694,000.
Several other large investors have also made changes to their positions in HUBS. National Bank of Canada FI grew its position in shares of HubSpot by 8.6% during the third quarter. National Bank of Canada FI now owns 379 shares of the software maker’s stock worth $177,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in HubSpot by 783.3% in 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. Orion Porfolio Solutions LLC lifted its holdings in HubSpot by 2.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,784 shares of the software maker’s stock worth $994,000 after purchasing an additional 51 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its stake in HubSpot by 3.3% in the 4th quarter. Elevation Point Wealth Partners LLC now owns 1,738 shares of the software maker’s stock worth $697,000 after purchasing an additional 55 shares during the period. Finally, Turning Point Benefit Group Inc. bought a new position in HubSpot in the 3rd quarter worth approximately $25,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
HubSpot Price Performance
NYSE HUBS opened at $261.01 on Friday. HubSpot, Inc. has a 1-year low of $169.63 and a 1-year high of $525.51. The business has a 50 day simple moving average of $216.41 and a two-hundred day simple moving average of $223.81. The stock has a market capitalization of $13.02 billion, a PE ratio of 92.23, a P/E/G ratio of 2.77 and a beta of 1.19.
Insider Buying and Selling
In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $219.50, for a total transaction of $1,865,750.00. Following the completion of the transaction, the director owned 76,500 shares in the company, valued at $16,791,750. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Erika Ashley Fisher sold 702 shares of HubSpot stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total transaction of $165,124.44. Following the completion of the transaction, the insider directly owned 14,581 shares of the company’s stock, valued at $3,429,742.82. The trade was a 4.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 26,202 shares of company stock worth $5,477,709. Insiders own 3.70% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on HUBS. Zacks Research lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Oppenheimer downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Barclays cut their target price on shares of HubSpot from $270.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group reduced their price target on shares of HubSpot from $335.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, HubSpot has a consensus rating of “Hold” and a consensus price target of $268.90.
Check Out Our Latest Stock Report on HubSpot
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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