Alberta Investment Management Corp Has $3.79 Million Stock Position in HubSpot, Inc. $HUBS

Alberta Investment Management Corp grew its position in HubSpot, Inc. (NYSE:HUBS) by 6.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,800 shares of the software maker’s stock after buying an additional 400 shares during the period. Alberta Investment Management Corp’s holdings in HubSpot were worth $3,785,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of HubSpot by 19.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock worth $5,306,000 after acquiring an additional 1,533 shares during the period. Moody Lynn & Lieberson LLC grew its stake in HubSpot by 2,038.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock worth $11,663,000 after purchasing an additional 19,973 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in HubSpot by 24.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock worth $7,363,000 after purchasing an additional 2,569 shares during the period. Nordea Investment Management AB raised its position in HubSpot by 74.4% during the 2nd quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock valued at $8,921,000 after purchasing an additional 6,846 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in HubSpot by 15.0% during the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after purchasing an additional 660 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HUBS shares. Rothschild Redb lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Cantor Fitzgerald lowered their target price on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group reduced their target price on HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Piper Sandler cut their price objective on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Oppenheimer dropped their target price on HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $620.41.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the transaction, the chief financial officer owned 38,794 shares in the company, valued at approximately $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the sale, the director owned 522,435 shares in the company, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 51,098 shares of company stock valued at $24,757,257. 4.00% of the stock is owned by corporate insiders.

HubSpot Stock Up 1.3%

HubSpot stock opened at $395.59 on Monday. HubSpot, Inc. has a 52-week low of $375.01 and a 52-week high of $881.13. The firm has a market cap of $20.72 billion, a PE ratio of -4,944.85, a price-to-earnings-growth ratio of 13.44 and a beta of 1.60. The company’s 50 day moving average is $466.73 and its two-hundred day moving average is $519.90.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. During the same quarter last year, the company earned $2.18 EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis. On average, equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot 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.