Groupe la Francaise Takes $3.47 Million Position in HubSpot, Inc. $HUBS

Groupe la Francaise purchased a new position in HubSpot, Inc. (NYSE:HUBS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,254 shares of the software maker’s stock, valued at approximately $3,466,000.

Several other large investors have also recently bought and sold shares of HUBS. Whittier Trust Co. grew its position in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. Hilltop National Bank purchased a new position in shares of HubSpot during the second quarter worth about $32,000. Atlantic Union Bankshares Corp acquired a new stake in shares of HubSpot during the second quarter worth about $39,000. Golden State Wealth Management LLC lifted its holdings in shares of HubSpot by 1,057.1% in the 2nd quarter. Golden State Wealth Management LLC now owns 81 shares of the software maker’s stock valued at $45,000 after purchasing an additional 74 shares during the last quarter. Finally, S Bank Fund Management Ltd acquired a new stake in shares of HubSpot in the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the topic of a number of research reports. Oppenheimer lowered their target price on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Argus reduced their price target on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Barclays lowered their price objective on shares of HubSpot from $675.00 to $575.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Truist Financial reduced their target price on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Jefferies Financial Group decreased their target price on shares of HubSpot from $650.00 to $560.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $617.23.

HubSpot Trading Up 0.3%

Shares of HUBS stock opened at $374.62 on Thursday. The stock has a 50 day simple moving average of $429.98 and a 200-day simple moving average of $495.14. The company has a market cap of $19.63 billion, a price-to-earnings ratio of -4,682.71, a price-to-earnings-growth ratio of 12.66 and a beta of 1.46. HubSpot, Inc. has a 12-month low of $344.41 and a 12-month high of $881.13.

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

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Monday, October 6th. The shares were 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 $19,397,000. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $368.11, for a total transaction of $3,128,935.00. Following the sale, the director directly owned 504,966 shares in the company, valued at approximately $185,883,034.26. This represents a 1.66% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 51,098 shares of company stock valued at $24,062,552. Company insiders own 4.00% of the company’s stock.

About HubSpot

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.