HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 16.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,017 shares of the software maker’s stock after buying an additional 575 shares during the quarter. Candriam S.C.A.’s holdings in HubSpot were worth $2,799,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HUBS. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of HubSpot during the fourth quarter valued at about $157,019,000. Proficio Capital Partners LLC acquired a new stake in shares of HubSpot during the fourth quarter valued at about $79,135,000. Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after acquiring an additional 86,688 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in HubSpot by 49.5% in the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock worth $110,489,000 after purchasing an additional 68,827 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $640.87 on Monday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The firm has a 50 day moving average price of $735.56 and a two-hundred day moving average price of $649.02. The stock has a market cap of $33.42 billion, a P/E ratio of 7,121.52, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares of the company’s stock, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock worth $35,796,526 over the last quarter. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HUBS. William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Mizuho raised their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Raymond James lifted their price target on shares of HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their price target on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Truist Financial reiterated a “buy” rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

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.