HubSpot, Inc. $HUBS Shares Bought by Capital Fund Management S.A.

Capital Fund Management S.A. increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 20.2% during the third quarter, Holdings Channel reports. The firm owned 63,065 shares of the software maker’s stock after purchasing an additional 10,583 shares during the period. Capital Fund Management S.A.’s holdings in HubSpot were worth $29,502,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its stake in HubSpot by 23.7% during the third quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after buying an additional 4,559 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of HubSpot in the third quarter worth approximately $48,548,000. Nordea Investment Management AB raised its holdings in shares of HubSpot by 34.9% during the third quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock valued at $10,148,000 after acquiring an additional 5,595 shares during the period. Triasima Portfolio Management inc. acquired a new stake in shares of HubSpot during the third quarter valued at approximately $2,079,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of HubSpot by 20.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,924 shares of the software maker’s stock valued at $18,209,000 after acquiring an additional 6,709 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Performance

HUBS opened at $269.44 on Wednesday. The company has a market cap of $14.21 billion, a PE ratio of 309.70, a price-to-earnings-growth ratio of 4.28 and a beta of 1.40. The stock has a 50-day moving average of $293.57 and a 200-day moving average of $386.43. HubSpot, Inc. has a 52-week low of $207.20 and a 52-week high of $682.57.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $846.75 million for the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $2.32 EPS. On average, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares in the company, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Halligan sold 8,261 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the completion of the sale, the director owned 481,168 shares in the company, valued at approximately $121,735,504. The trade was a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 26,691 shares of company stock valued at $8,136,702. 4.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on HUBS. UBS Group reiterated an “overweight” rating on shares of HubSpot in a research report on Thursday, February 12th. Barclays reduced their target price on HubSpot from $525.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. Zacks Research raised HubSpot from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. reduced their price objective on HubSpot from $650.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $454.20.

About HubSpot

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.