BDF Gestion Purchases Shares of 4,613 HubSpot, Inc. $HUBS

BDF Gestion acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,613 shares of the software maker’s stock, valued at approximately $2,158,000.

A number of other large investors have also modified their holdings of HUBS. Vanguard Group Inc. boosted its stake in HubSpot by 2.8% during the second quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after buying an additional 144,507 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of HubSpot by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after acquiring an additional 38,096 shares during the period. Jennison Associates LLC boosted its position in shares of HubSpot by 548.6% during the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after acquiring an additional 672,158 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in HubSpot by 16.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker’s stock valued at $378,163,000 after acquiring an additional 94,481 shares during the period. Finally, Norges Bank acquired a new position in HubSpot in the second quarter worth about $269,941,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Down 0.0%

Shares of HUBS opened at $389.81 on Friday. The stock’s fifty day simple moving average is $409.23 and its 200-day simple moving average is $476.59. The firm has a market capitalization of $20.42 billion, a PE ratio of -4,872.63, a price-to-earnings-growth ratio of 13.22 and a beta of 1.46. HubSpot, Inc. has a 12-month low of $344.41 and a 12-month high of $881.13.

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

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $307,500.00. Following the transaction, the chief financial officer owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of HubSpot stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the transaction, the chief executive officer directly owned 56,277 shares in the company, valued at $28,138,500. The trade was a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,502 shares of company stock valued at $11,559,565 in the last 90 days. 4.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Rothschild Redb downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research note on Tuesday, October 14th. Jefferies Financial Group dropped their price objective on HubSpot from $650.00 to $560.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company cut their price objective on HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $613.45.

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.