AG2R LA Mondiale Gestion D Actifs Purchases Shares of 2,055 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 stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,055 shares of the software maker's stock, valued at approximately $1,212,000.

A number of other institutional investors also recently modified their holdings of HUBS. Highview Capital Management LLC DE raised its stake in shares of HubSpot by 4.5% in the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock worth $2,098,000 after acquiring an additional 129 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of HubSpot by 3.2% in the fourth quarter. Cetera Investment Advisers now owns 4,152 shares of the software maker's stock worth $2,893,000 after acquiring an additional 127 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of HubSpot in the fourth quarter worth about $471,000. Quantinno Capital Management LP raised its stake in shares of HubSpot by 2.8% in the fourth quarter. Quantinno Capital Management LP now owns 6,907 shares of the software maker's stock worth $4,813,000 after acquiring an additional 187 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new position in shares of HubSpot in the fourth quarter worth about $676,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HUBS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Citigroup dropped their target price on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Truist Financial dropped their target price on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Stifel Nicolaus dropped their price target on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research note on Monday, July 14th. Finally, Wells Fargo & Company boosted their price target on shares of HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, HubSpot currently has an average rating of "Moderate Buy" and a consensus price target of $722.93.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 17,253 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.66, for a total value of $8,637,886.98. Following the completion of the transaction, the chief technology officer owned 1,275,805 shares in the company, valued at $638,744,531.30. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the transaction, the chief financial officer owned 41,086 shares of the company's stock, valued at $22,670,843.94. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,094 shares of company stock worth $26,069,239 over the last ninety days. 4.00% of the stock is owned by corporate insiders.

HubSpot Price Performance

HUBS opened at $493.10 on Friday. The company has a market cap of $25.98 billion, a price-to-earnings ratio of -2,143.91, a price-to-earnings-growth ratio of 17.12 and a beta of 1.58. The firm has a 50 day simple moving average of $498.16 and a 200 day simple moving average of $559.75. 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 issued its quarterly earnings data 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 firm had revenue of $760.87 million during the quarter, compared to analysts' expectations of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 earnings per share. As a group, analysts expect 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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