Mackenzie Financial Corp Acquires 514 Shares of HubSpot, Inc. (NYSE:HUBS)

Mackenzie Financial Corp boosted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,344 shares of the software maker's stock after buying an additional 514 shares during the quarter. Mackenzie Financial Corp's holdings in HubSpot were worth $1,910,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HUBS. Elequin Capital LP purchased a new position in HubSpot in the 4th quarter worth about $27,000. Coppell Advisory Solutions LLC lifted its position in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after acquiring an additional 32 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in HubSpot by 130.8% in 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 during the period. Finally, Colonial Trust Co SC grew its position in 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 own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HUBS. Stifel Nicolaus decreased their target price on HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday, July 14th. The Goldman Sachs Group decreased their price objective on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wells Fargo & Company lowered their target price on HubSpot from $700.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. BMO Capital Markets reduced their price target on shares of HubSpot from $735.00 to $650.00 and set an "outperform" rating for the company in a research report on Friday, July 18th. Finally, Mizuho lowered their price objective on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $759.04.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the transaction, the director directly owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,998 shares of company stock worth $10,928,616 over the last 90 days. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Performance

Shares of NYSE:HUBS traded up $4.77 during trading on Monday, hitting $503.28. 1,038,313 shares of the stock were exchanged, compared to its average volume of 748,753. The company's fifty day simple moving average is $560.18 and its 200-day simple moving average is $620.06. The company has a market capitalization of $26.54 billion, a price-to-earnings ratio of -1,118.39, a price-to-earnings-growth ratio of 18.13 and a beta of 1.66. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

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.