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

Capital Fund Management S.A. boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 20.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,065 shares of the software maker’s stock after acquiring an additional 10,583 shares during the quarter. Capital Fund Management S.A. owned about 0.12% of HubSpot worth $29,502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Goodman Advisory Group LLC bought a new stake in HubSpot in the second quarter valued at about $27,000. Exane Asset Management bought a new stake in shares of HubSpot in the 3rd quarter valued at approximately $30,000. Rakuten Securities Inc. raised its position in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after acquiring an additional 47 shares in the last quarter. Westside Investment Management Inc. lifted its stake in HubSpot by 80.5% during the third quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock worth $33,000 after purchasing an additional 33 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in HubSpot during the second quarter worth $34,000. 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 company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,691 shares of company stock valued at $8,136,702. 4.00% of the stock is currently owned by corporate insiders.

HubSpot Trading Down 6.1%

HUBS stock opened at $269.44 on Wednesday. HubSpot, Inc. has a 52 week low of $207.20 and a 52 week high of $682.57. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 309.70, a price-to-earnings-growth ratio of 4.28 and a beta of 1.40. The firm’s 50-day moving average is $293.57 and its two-hundred day moving average is $386.43.

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

Analysts Set New Price Targets

A number of analysts have weighed in on HUBS shares. The Goldman Sachs Group dropped their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Wells Fargo & Company lowered their price objective on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. KeyCorp dropped their price objective on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Oppenheimer cut their target price on shares of HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $454.20.

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.