Natixis Reduces Holdings in HubSpot, Inc. (NYSE:HUBS)

Natixis decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 45.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,090 shares of the software maker's stock after selling 1,739 shares during the quarter. Natixis' holdings in HubSpot were worth $1,456,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Curi RMB Capital LLC grew its stake in HubSpot by 2.5% during the 4th quarter. Curi RMB Capital LLC now owns 7,321 shares of the software maker's stock valued at $5,101,000 after acquiring an additional 178 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of HubSpot by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 87,019 shares of the software maker's stock valued at $60,635,000 after purchasing an additional 5,789 shares in the last quarter. Forum Financial Management LP acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $283,000. Canada Pension Plan Investment Board lifted its position in HubSpot by 58.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 48,406 shares of the software maker's stock worth $33,728,000 after buying an additional 17,818 shares in the last quarter. Finally, Regal Investment Advisors LLC boosted its stake in HubSpot by 11.6% during the fourth quarter. Regal Investment Advisors LLC now owns 1,434 shares of the software maker's stock worth $999,000 after buying an additional 149 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The transaction 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 the company'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 value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock valued at $17,993,757 in the last ninety days. Insiders own 4.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HUBS. Redburn Atlantic started coverage on HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. Macquarie assumed coverage on shares of HubSpot in a research note on Monday, March 24th. They set an "outperform" rating and a $730.00 target price on the stock. Stifel Nicolaus raised their price target on shares of HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Sanford C. Bernstein began coverage on shares of HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 price target on the stock. Finally, William Blair reiterated an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $804.78.

HubSpot Stock Up 4.5 %

Shares of NYSE:HUBS opened at $542.39 on Wednesday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm's 50 day moving average price is $617.02 and its 200 day moving average price is $660.16. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 6,027.25, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

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%. On average, equities analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

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.

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