Groupama Asset Managment Grows Position in HubSpot, Inc. $HUBS

Key Points

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Groupama Asset Managment boosted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732,578 shares of the software maker's stock after acquiring an additional 5,779 shares during the quarter. HubSpot accounts for about 3.3% of Groupama Asset Managment's investment portfolio, making the stock its 5th biggest position. Groupama Asset Managment owned about 1.39% of HubSpot worth $418,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in HubSpot in the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC lifted its position in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after purchasing an additional 30 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position 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. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of HubSpot during the first quarter worth approximately $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

HubSpot stock traded up $18.2580 during mid-day trading on Friday, reaching $474.2280. The company's 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 12 month low of $418.34 and a 12 month high of $881.13. The business's 50 day simple moving average is $518.67 and its 200 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 earnings per share. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company increased their price objective on shares of HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. KeyCorp lowered their target price on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Truist Financial lowered 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. Finally, Citigroup lowered 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $726.04.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares in the company, valued at $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,498 shares of company stock worth $14,752,256 over the last quarter. 4.00% of the stock is currently owned by insiders.

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.