BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $4.57 Million Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• BNP Paribas Asset Management increased its holdings in HubSpot, Inc. by 27.8%, acquiring an additional 1,741 shares to reach a total of 8,000 shares, valued at approximately $4.57 million.
• HubSpot reported earnings of $2.19 per share for the quarter, surpassing expectations, with a revenue of $760.87 million, indicating a year-over-year growth of 19.4%.
• Multiple analysts have adjusted their price targets for HubSpot, with the average consensus now set at $726.04, where 27 analysts have rated the stock as a buy.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 27.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the software maker's stock after acquiring an additional 1,741 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in HubSpot were worth $4,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HUBS. Elequin Capital LP purchased a new stake in HubSpot during the 4th quarter worth $27,000. Coppell Advisory Solutions LLC raised its position in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after purchasing an additional 34 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of HubSpot in the first quarter worth about $35,000. Finally, Colonial Trust Co SC boosted its position in shares of HubSpot by 111.1% in the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Price Performance

NYSE:HUBS traded up $18.2580 during mid-day trading on Friday, reaching $474.2280. The stock had a trading volume of 895,937 shares, compared to its average volume of 1,065,703. The company has a market capitalization of $24.99 billion, a price-to-earnings ratio of -2,061.86, a price-to-earnings-growth ratio of 15.71 and a beta of 1.66. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The stock's 50 day simple moving average is $518.67 and its two-hundred day simple moving average is $591.38.

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

Analysts Set New Price Targets

HUBS has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Morgan Stanley lifted their price objective on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Raymond James Financial reduced their target price on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Piper Sandler upgraded HubSpot from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $645.00 to $675.00 in a research note on Thursday, August 7th. Finally, Oppenheimer increased their price target on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and an average price target of $726.04.

Insider Activity

In related news, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the transaction, the chief executive officer owned 63,918 shares in the company, valued at $35,269,313.22. This represents a 3.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares of the company's stock, valued at $235,012,160.40. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,498 shares of company stock valued at $14,752,256. Company insiders own 4.00% of the company's stock.

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.