12,510 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC acquired a new position in HubSpot, purchasing 12,510 shares valued at approximately $7.15 million in the first quarter.
• Several institutional investors increased their stakes in HubSpot, including a 64.5% boost by National Bank of Canada, raising its holdings to 926 shares valued at $645,000.
• Insider trading activity showed CFO Kathryn Bueker and Director Brian Halligan both sold shares, resulting in 19,998 shares sold worth approx. $10.9 million in the last three months.

Natixis Advisors LLC bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,510 shares of the software maker's stock, valued at approximately $7,147,000.

Several other institutional investors have also recently made changes to their positions in the business. Highview Capital Management LLC DE boosted its stake in HubSpot by 4.5% during the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock valued at $2,098,000 after buying an additional 129 shares during the last quarter. National Bank of Canada FI boosted its stake in HubSpot by 64.5% during the fourth quarter. National Bank of Canada FI now owns 926 shares of the software maker's stock valued at $645,000 after buying an additional 363 shares during the last quarter. World Investment Advisors bought a new position in HubSpot during the fourth quarter valued at approximately $226,000. Thoroughbred Financial Services LLC bought a new position in HubSpot during the fourth quarter valued at approximately $203,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of HubSpot in the 4th quarter valued at approximately $290,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity

In other news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total value of $4,616,095.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,998 shares of company stock worth $10,928,616. 4.50% of the stock is currently owned by company insiders.

HubSpot Trading Up 1.0%

Shares of NYSE:HUBS opened at $503.28 on Tuesday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The business's fifty day simple moving average is $557.95 and its 200-day simple moving average is $618.66. The company has a market capitalization of $26.54 billion, a PE ratio of -1,118.39, a P/E/G ratio of 18.13 and a beta of 1.66.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lowered their price objective on HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research note on Friday, May 9th. Morgan Stanley raised their price objective on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Truist Financial lowered their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group raised their price objective on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $759.04.

HubSpot Company 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.

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