Canada Pension Plan Investment Board Acquires 17,818 Shares of HubSpot, Inc. (NYSE:HUBS)

Canada Pension Plan Investment Board boosted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 58.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,406 shares of the software maker's stock after purchasing an additional 17,818 shares during the quarter. Canada Pension Plan Investment Board owned about 0.09% of HubSpot worth $33,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the 3rd quarter worth $25,000. Larson Financial Group LLC increased its holdings in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after acquiring an additional 19 shares during the last quarter. Aster Capital Management DIFC Ltd raised its holdings in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after purchasing an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the fourth quarter valued at about $35,000. Institutional investors own 90.39% of the company's stock.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the transaction, the insider now owns 525,687 shares in the company, valued at $283,135,018.20. This represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,882 shares of company stock valued at $17,993,757 over the last ninety days. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Up 2.7 %

HUBS traded up $16.30 during trading on Friday, hitting $616.80. 270,858 shares of the company's stock were exchanged, compared to its average volume of 619,517. The stock has a market cap of $32.17 billion, a P/E ratio of 6,848.76, a PEG ratio of 41.44 and a beta of 1.82. The business's 50 day moving average is $607.88 and its two-hundred day moving average is $660.06. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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%. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Piper Sandler reduced their target price on HubSpot from $808.00 to $535.00 and set a "neutral" rating on the stock in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. William Blair reissued an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $789.11.

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.