Capital Fund Management S.A. Grows Holdings in HubSpot, Inc. $HUBS

Capital Fund Management S.A. lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 61.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,482 shares of the software maker’s stock after buying an additional 20,005 shares during the quarter. Capital Fund Management S.A. owned approximately 0.10% of HubSpot worth $29,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. increased its position in shares of HubSpot by 68.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 902 shares of the software maker’s stock worth $515,000 after purchasing an additional 365 shares during the last quarter. Cetera Investment Advisers grew its stake in HubSpot by 16.0% in the first quarter. Cetera Investment Advisers now owns 4,817 shares of the software maker’s stock worth $2,752,000 after purchasing an additional 665 shares in the last quarter. HB Wealth Management LLC grew its stake in HubSpot by 36.9% in the first quarter. HB Wealth Management LLC now owns 1,069 shares of the software maker’s stock worth $611,000 after purchasing an additional 288 shares in the last quarter. LPL Financial LLC increased its holdings in HubSpot by 15.3% in the first quarter. LPL Financial LLC now owns 36,676 shares of the software maker’s stock valued at $20,953,000 after buying an additional 4,871 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in HubSpot by 18.2% during the first quarter. Mackenzie Financial Corp now owns 3,344 shares of the software maker’s stock valued at $1,910,000 after buying an additional 514 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on HUBS. Sanford C. Bernstein raised HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price on the stock in a report on Wednesday, September 3rd. Barclays reduced their price objective on HubSpot from $675.00 to $575.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. KeyCorp decreased their price objective on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Citigroup increased their target price on shares of HubSpot from $650.00 to $658.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Evercore ISI set a $500.00 price target on shares of HubSpot in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $617.23.

HubSpot Stock Performance

Shares of HUBS opened at $362.02 on Friday. The firm has a fifty day moving average of $441.68 and a 200-day moving average of $504.46. The company has a market cap of $18.97 billion, a price-to-earnings ratio of -4,525.26, a price-to-earnings-growth ratio of 12.27 and a beta of 1.60. HubSpot, Inc. has a 1 year low of $344.41 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. HubSpot’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the firm posted $2.18 EPS. Analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Dharmesh Shah sold 4,747 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer directly owned 1,271,058 shares in the company, valued at $637,562,692.80. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,387 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the transaction, the chief executive officer owned 56,277 shares of the company’s stock, valued at $28,138,500. This trade represents a 4.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 51,098 shares of company stock worth $24,062,552. 4.00% of the stock is currently owned by corporate insiders.

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.