National Bank of Canada FI Grows Stock Position in HubSpot, Inc. (NYSE:HUBS)

National Bank of Canada FI lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 64.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 926 shares of the software maker’s stock after buying an additional 363 shares during the quarter. National Bank of Canada FI’s holdings in HubSpot were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of HUBS. HighPoint Advisor Group LLC grew its holdings in HubSpot by 5.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 714 shares of the software maker’s stock worth $497,000 after acquiring an additional 36 shares during the period. Alliancebernstein L.P. grew its holdings in HubSpot by 61.9% during the fourth quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker’s stock worth $199,504,000 after acquiring an additional 109,449 shares during the period. Pier 88 Investment Partners LLC grew its holdings in HubSpot by 217.8% during the fourth quarter. Pier 88 Investment Partners LLC now owns 2,320 shares of the software maker’s stock worth $1,617,000 after acquiring an additional 1,590 shares during the period. Wellington Management Group LLP grew its holdings in HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock worth $1,029,262,000 after acquiring an additional 74,990 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in HubSpot by 15.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,485 shares of the software maker’s stock worth $1,731,000 after acquiring an additional 338 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HUBS shares. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. The Goldman Sachs Group upped their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Citigroup raised their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Raymond James raised their price target on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets raised their price target on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares of the company’s stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock worth $13,415,657 in the last 90 days. 4.50% of the stock is owned by company insiders.

HubSpot Price Performance

HUBS opened at $549.01 on Thursday. The stock has a market capitalization of $28.63 billion, a price-to-earnings ratio of 6,100.82, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The business has a 50-day moving average of $661.97 and a two-hundred day moving average of $659.86. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

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

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.