AG2R LA Mondiale Gestion D Actifs Invests $1.21 Million in HubSpot, Inc. $HUBS

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in HubSpot, Inc. by purchasing 2,055 shares valued at approximately $1,212,000 during the first quarter.
• Several institutional investors, including Highview Capital Management and Cetera Investment Advisers, have recently increased their holdings in HubSpot, leading to institutional ownership now at 90.39% of the company's stock.
• HubSpot's stock has seen analysts adjust their price targets, with JPMorgan lowering it from $775 to $675, while it holds a consensus rating of "Moderate Buy" and an average price target of $722.93.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,055 shares of the software maker's stock, valued at approximately $1,212,000.

A number of other hedge funds have also modified their holdings of the business. Venturi Wealth Management LLC grew its holdings in shares of HubSpot by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock worth $861,000 after purchasing an additional 16 shares during the period. WCM Investment Management LLC grew its holdings in shares of HubSpot by 0.6% during the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after purchasing an additional 17 shares during the period. Yousif Capital Management LLC grew its holdings in shares of HubSpot by 3.0% during the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after purchasing an additional 19 shares during the period. Ballentine Partners LLC grew its holdings in shares of HubSpot by 3.5% during the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock worth $334,000 after purchasing an additional 20 shares during the period. Finally, Apollon Wealth Management LLC grew its holdings in shares of HubSpot by 5.2% during the 1st quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker's stock worth $231,000 after purchasing an additional 20 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

HUBS stock traded up $6.89 during mid-day trading on Friday, reaching $520.01. The company had a trading volume of 969,482 shares, compared to its average volume of 727,262. The company has a market capitalization of $27.40 billion, a price-to-earnings ratio of -2,260.91, a price-to-earnings-growth ratio of 17.73 and a beta of 1.58. The firm has a fifty day simple moving average of $494.17 and a 200 day simple moving average of $553.96. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. As a group, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 119 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $500.00, for a total value of $59,500.00. Following the sale, the chief financial officer owned 40,563 shares of the company's stock, valued at $20,281,500. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Dharmesh Shah sold 4,747 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the completion of the sale, the chief technology officer directly owned 1,271,058 shares in the company, valued at $637,562,692.80. This represents a 0.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,094 shares of company stock worth $25,716,404 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets lowered their price target on HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Sanford C. Bernstein raised HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 target price on the stock in a research note on Wednesday, September 3rd. KeyCorp decreased their target price on HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Wells Fargo & Company increased their target price on HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Citigroup decreased their target price on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $722.93.

HubSpot 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.