HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Groupama Asset Managment

Groupama Asset Managment grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 726,799 shares of the software maker's stock after purchasing an additional 26,799 shares during the quarter. HubSpot makes up about 3.7% of Groupama Asset Managment's investment portfolio, making the stock its 4th biggest position. Groupama Asset Managment owned 1.41% of HubSpot worth $506,412,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Townsquare Capital LLC boosted its position in shares of HubSpot by 93.1% in the third quarter. Townsquare Capital LLC now owns 668 shares of the software maker's stock worth $355,000 after acquiring an additional 322 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in HubSpot during the third quarter worth approximately $509,000. Captrust Financial Advisors boosted its holdings in shares of HubSpot by 132.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,363 shares of the software maker's stock valued at $725,000 after purchasing an additional 777 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of HubSpot during the 3rd quarter valued at $1,758,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of HubSpot during the 3rd quarter worth $230,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HUBS shares. Sanford C. Bernstein began coverage on HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 price target for the company. Wells Fargo & Company increased their target price on shares of HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Oppenheimer lifted their price target on shares of HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Mizuho increased their price target on HubSpot from $725.00 to $775.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $848.58.

HubSpot Stock Down 5.1 %

HUBS stock traded down $27.00 during trading on Friday, hitting $500.79. 1,393,357 shares of the company's stock traded hands, compared to its average volume of 605,948. The stock has a market capitalization of $26.12 billion, a price-to-earnings ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a fifty day moving average price of $688.31 and a two-hundred day moving average price of $659.95.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their position. 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 currently owned by company insiders.

About HubSpot

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.