Capital Fund Management S.A. Purchases 1,589 Shares of HubSpot, Inc. $HUBS

Key Points

• Capital Fund Management S.A. has increased its stake in HubSpot, Inc. by 5.1%, now owning approximately 0.06% of the company valued at $18.55 million.
• Equities analysts have generally positive outlooks for HubSpot, with a consensus rating of 'Moderate Buy' and an average price target of $726.04.
• HubSpot reported earnings of $2.19 per share for the last quarter, exceeding estimates, with revenues up 19.4% year-over-year at $760.87 million.

Capital Fund Management S.A. lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,477 shares of the software maker's stock after purchasing an additional 1,589 shares during the quarter. Capital Fund Management S.A. owned approximately 0.06% of HubSpot worth $18,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Elequin Capital LP acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC grew its holdings in shares of HubSpot by 91.7% during the 4th 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. Cullen Frost Bankers Inc. grew its holdings in shares of HubSpot by 130.8% during the 1st 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 acquired a new stake in shares of HubSpot during the 1st quarter worth approximately $35,000. Finally, Colonial Trust Co SC grew its holdings in shares of HubSpot by 111.1% during the 4th 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. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HUBS. KeyCorp lowered their price target on HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Cantor Fitzgerald began coverage on HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price target on the stock. Barclays lowered their price target on HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Oppenheimer upped their price target on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $726.04.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 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 value of $339,350.85. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,498 shares of company stock worth $14,752,256 over the last 90 days. Insiders own 4.00% of the company's stock.

HubSpot Price Performance

Shares of HUBS stock traded down $5.0920 during trading hours on Monday, hitting $469.2080. 382,500 shares of the company's stock were exchanged, compared to its average volume of 735,976. The stock's 50-day moving average is $518.67 and its 200-day moving average is $588.76. The stock has a market cap of $24.72 billion, a price-to-earnings ratio of -2,036.02, a price-to-earnings-growth ratio of 16.34 and a beta of 1.66. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million for the quarter, compared to analysts' expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. Equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal 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.