Groupe la Francaise increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) by 52.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 29,004 shares of the software maker’s stock after acquiring an additional 9,959 shares during the quarter. Groupe la Francaise’s holdings in HubSpot were worth $7,058,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Turning Point Benefit Group Inc. purchased a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. boosted its holdings in shares of HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after buying an additional 47 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of HubSpot in the 4th quarter valued at $33,000. Osterweis Capital Management Inc. purchased a new position in shares of HubSpot in the 2nd quarter valued at $34,000. Finally, Larson Financial Group LLC raised its stake in HubSpot by 378.9% during the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock worth $37,000 after acquiring an additional 72 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
HubSpot Stock Performance
Shares of HUBS opened at $237.44 on Friday. HubSpot, Inc. has a fifty-two week low of $169.63 and a fifty-two week high of $541.53. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 124.31, a price-to-earnings-growth ratio of 2.55 and a beta of 1.22. The firm has a 50-day simple moving average of $204.10 and a 200-day simple moving average of $233.35.
Wall Street Analyst Weigh In
HUBS has been the subject of a number of research reports. Barclays reduced their price target on shares of HubSpot from $300.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $250.00 price objective on shares of HubSpot in a report on Friday, May 8th. Evercore set a $225.00 target price on HubSpot in a research report on Friday, May 8th. Sanford C. Bernstein set a $381.00 target price on HubSpot in a report on Friday, May 8th. Finally, BNP Paribas Exane downgraded HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $307.86.
View Our Latest Stock Analysis on HUBS
Insider Buying and Selling
In related news, CEO Yamini Rangan purchased 2,750 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $189.84 per share, for a total transaction of $522,060.00. Following the completion of the purchase, the chief executive officer directly owned 102,982 shares of the company’s stock, valued at $19,550,102.88. This trade represents a 2.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Erika Ashley Fisher sold 915 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $236.66, for a total value of $216,543.90. Following the sale, the insider directly owned 16,270 shares of the company’s stock, valued at approximately $3,850,458.20. This represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders bought 14,063 shares of company stock worth $2,585,781 and sold 26,415 shares worth $5,533,379. Company insiders own 3.70% of the company’s stock.
HubSpot Company 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.
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