National Bank of Canada FI Buys 324 Shares of HubSpot, Inc. (NYSE:HUBS)

National Bank of Canada FI lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 135.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 563 shares of the software maker’s stock after acquiring an additional 324 shares during the period. National Bank of Canada FI’s holdings in HubSpot were worth $299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. International Assets Investment Management LLC purchased a new stake in HubSpot during the second quarter valued at about $35,000. HM Payson & Co. raised its holdings in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares in the last quarter. Crewe Advisors LLC lifted its position in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares during the last quarter. True Wealth Design LLC bought a new stake in HubSpot in the 3rd quarter worth approximately $62,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after acquiring an additional 32 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HUBS. Wells Fargo & Company boosted their price objective on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, The Goldman Sachs Group boosted their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $689.95.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,390 shares of company stock worth $29,126,596 in the last quarter. 4.50% of the stock is owned by company insiders.

HubSpot Trading Down 1.7 %

Shares of HubSpot stock opened at $721.86 on Monday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The company has a market cap of $37.26 billion, a P/E ratio of -2,673.46, a PEG ratio of 88.26 and a beta of 1.70. The company’s fifty day simple moving average is $637.78 and its two-hundred day simple moving average is $564.11.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

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.