Candriam S.C.A. Buys 575 Shares of HubSpot, Inc. (NYSE:HUBS)

Candriam S.C.A. grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,017 shares of the software maker’s stock after buying an additional 575 shares during the period. Candriam S.C.A.’s holdings in HubSpot were worth $2,799,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Summit Global Investments boosted its stake in HubSpot by 7.5% in the 3rd quarter. Summit Global Investments now owns 1,258 shares of the software maker’s stock worth $669,000 after purchasing an additional 88 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of HubSpot by 49.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock valued at $110,489,000 after purchasing an additional 68,827 shares during the last quarter. Baker Avenue Asset Management LP increased its position in shares of HubSpot by 1.6% during the 3rd quarter. Baker Avenue Asset Management LP now owns 6,098 shares of the software maker’s stock valued at $3,242,000 after purchasing an additional 98 shares during the last quarter. GDS Wealth Management purchased a new stake in HubSpot in the 3rd quarter worth approximately $2,149,000. Finally, WCM Investment Management LLC increased its holdings in HubSpot by 32.1% in the 3rd quarter. WCM Investment Management LLC now owns 2,649 shares of the software maker’s stock worth $1,420,000 after acquiring an additional 644 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,796 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now directly owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock valued at $35,796,526 in the last three months. 4.50% of the stock is currently owned by company insiders.

HubSpot Trading Down 1.7 %

Shares of NYSE:HUBS opened at $640.87 on Monday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The company has a market capitalization of $33.42 billion, a PE ratio of 7,121.52, a PEG ratio of 41.44 and a beta of 1.80. The business has a 50 day moving average of $735.56 and a two-hundred day moving average of $649.02.

HubSpot (NYSE:HUBS) last announced 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%. Equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on HUBS. Morgan Stanley upped their price target on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Stifel Nicolaus lifted their price objective on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Oppenheimer lifted their target price on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

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.