Fiera Capital Corp Grows Holdings in HubSpot, Inc. (NYSE:HUBS)

Fiera Capital Corp lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,467 shares of the software maker's stock after acquiring an additional 1,770 shares during the quarter. Fiera Capital Corp owned 0.32% of HubSpot worth $93,738,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in HubSpot during the fourth quarter worth $29,000. Venturi Wealth Management LLC raised its position in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker's stock worth $35,000 after purchasing an additional 47 shares during the last quarter. Larson Financial Group LLC lifted its stake in HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker's stock valued at $43,000 after buying an additional 69 shares in the last quarter. Alta Advisers Ltd acquired a new stake in HubSpot in the 3rd quarter worth about $49,000. Finally, Principal Securities Inc. purchased a new stake in HubSpot during the 4th quarter worth approximately $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Up 0.8 %

Shares of NYSE HUBS traded up $4.74 during trading on Friday, reaching $615.10. The stock had a trading volume of 364,669 shares, compared to its average volume of 528,247. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.96 and a current ratio of 2.07. The company has a market cap of $31.35 billion, a P/E ratio of -232.11 and a beta of 1.57. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The business's 50-day moving average price is $626.08 and its 200-day moving average price is $575.75.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. On average, equities research analysts predict that HubSpot, Inc. will post -0.56 EPS for the current fiscal year.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now owns 88,861 shares of the company's stock, valued at $56,356,534.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the completion of the transaction, the chief executive officer now directly owns 88,861 shares of the company's stock, valued at $56,356,534.81. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,307 shares of company stock worth $12,749,981. Corporate insiders own 4.90% of the company's stock.

Analysts Set New Price Targets

HUBS has been the topic of several research reports. Scotiabank raised their target price on HubSpot from $650.00 to $700.00 and gave the company a "sector outperform" rating in a research report on Friday, April 5th. Mizuho dropped their target price on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a report on Thursday, May 9th. William Blair reiterated an "outperform" rating on shares of HubSpot in a research report on Thursday, February 15th. Truist Financial boosted their price target on shares of HubSpot from $600.00 to $700.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Finally, Wells Fargo & Company increased their price objective on shares of HubSpot from $700.00 to $725.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $640.04.

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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