Healthcare of Ontario Pension Plan Trust Fund Takes $509,000 Position in HubSpot, Inc. (NYSE:HUBS)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 957 shares of the software maker's stock, valued at approximately $509,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in shares of HubSpot by 106.2% during the first quarter. Cetera Investment Advisers now owns 3,994 shares of the software maker's stock worth $2,502,000 after purchasing an additional 2,057 shares during the period. Cetera Advisors LLC boosted its holdings in shares of HubSpot by 171.7% in the first quarter. Cetera Advisors LLC now owns 989 shares of the software maker's stock valued at $620,000 after buying an additional 625 shares during the period. Mather Group LLC. increased its position in shares of HubSpot by 19.1% during the second quarter. Mather Group LLC. now owns 256 shares of the software maker's stock worth $161,000 after acquiring an additional 41 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of HubSpot by 17.2% during the second quarter. Fulton Bank N.A. now owns 990 shares of the software maker's stock worth $584,000 after acquiring an additional 145 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in HubSpot by 10.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,479 shares of the software maker's stock valued at $1,462,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HUBS. Raymond James cut their price target on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Barclays boosted their target price on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Truist Financial reissued a "buy" rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Canaccord Genuity Group upped their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $672.68.

HubSpot Stock Down 0.6 %

Shares of HUBS stock traded down $4.15 on Tuesday, reaching $719.44. The company had a trading volume of 408,945 shares, compared to its average volume of 587,906. The business's 50-day moving average is $601.05 and its 200 day moving average is $556.54. HubSpot, Inc. has a one year low of $434.84 and a one year high of $754.56.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. As a group, equities research analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the transaction, the insider now owns 7,603 shares in the company, valued at approximately $5,322,100. This trade represents a 7.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock valued at $29,101,488 over the last quarter. 4.50% of the stock is owned by company insiders.

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.