Triasima Portfolio Management inc. Purchases New Stake in HubSpot, Inc. $HUBS

Triasima Portfolio Management inc. acquired a new position in HubSpot, Inc. (NYSE:HUBS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,445 shares of the software maker’s stock, valued at approximately $2,079,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its holdings in shares of HubSpot by 5.9% during the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock worth $242,000 after buying an additional 24 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of HubSpot by 4.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after acquiring an additional 27 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after purchasing an additional 28 shares during the period. Asset Dedication LLC raised its stake in shares of HubSpot by 27.1% during the second quarter. Asset Dedication LLC now owns 136 shares of the software maker’s stock valued at $76,000 after purchasing an additional 29 shares during the period. Finally, Bouvel Investment Partners LLC grew its holdings in HubSpot by 1.7% during the 3rd quarter. Bouvel Investment Partners LLC now owns 1,768 shares of the software maker’s stock worth $827,000 after acquiring an additional 29 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the transaction, the director owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 17,235 shares of company stock worth $6,364,276. Insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on shares of HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Cantor Fitzgerald decreased their price objective on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Mizuho lowered their target price on HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. UBS Group reiterated an “outperform” rating and issued a $525.00 target price on shares of HubSpot in a research note on Tuesday, January 6th. Finally, BTIG Research began coverage on HubSpot in a research report on Monday, January 5th. They issued a “buy” rating and a $500.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $603.07.

HubSpot Trading Down 1.2%

Shares of HUBS stock opened at $308.01 on Tuesday. The stock has a 50 day simple moving average of $376.79 and a 200 day simple moving average of $447.79. HubSpot, Inc. has a 1 year low of $307.49 and a 1 year high of $881.13. The stock has a market cap of $16.14 billion, a P/E ratio of -3,854.43, a price-to-earnings-growth ratio of 7.32 and a beta of 1.46.

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

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.