Oddo BHF Asset Management Sas Invests $740,000 in HubSpot, Inc. (NYSE:HUBS)

Oddo BHF Asset Management Sas purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 1,392 shares of the software maker's stock, valued at approximately $740,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GDS Wealth Management bought a new stake in shares of HubSpot in the third quarter valued at about $2,149,000. Pallas Capital Advisors LLC acquired a new stake in HubSpot in the 3rd quarter valued at approximately $624,000. Icon Wealth Advisors LLC lifted its stake in HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock valued at $11,212,000 after acquiring an additional 20,479 shares in the last quarter. Headlands Technologies LLC acquired a new position in HubSpot during the 2nd quarter worth approximately $3,135,000. Finally, Curi RMB Capital LLC grew its stake in shares of HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock worth $3,797,000 after acquiring an additional 937 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In related news, CTO Dharmesh Shah sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares of the company's stock, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now owns 61,179 shares of the company's stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock valued at $29,126,596 in the last three months. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $12.63 during trading hours on Friday, hitting $721.86. The company's stock had a trading volume of 340,579 shares, compared to its average volume of 586,882. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The stock has a market cap of $37.26 billion, a price-to-earnings ratio of -2,673.46, a P/E/G ratio of 88.26 and a beta of 1.70. The business has a 50-day simple moving average of $637.78 and a 200-day simple moving average of $564.70.

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

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent analyst reports. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a report on Friday. Oppenheimer boosted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Barclays boosted their price target on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada upped their price objective on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $689.95.

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.