Caisse de depot et placement du Quebec acquired a new position in HubSpot, Inc. (NYSE:HUBS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 80,512 shares of the software maker’s stock, valued at approximately $14,694,000. Caisse de depot et placement du Quebec owned approximately 0.16% of HubSpot as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of HubSpot by 36.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock valued at $1,838,727,000 after purchasing an additional 1,224,424 shares during the last quarter. BlackRock Inc. bought a new position in HubSpot during the second quarter valued at approximately $631,386,000. Pictet Asset Management Holding SA boosted its holdings in HubSpot by 13.1% in the first quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker’s stock worth $533,993,000 after purchasing an additional 252,604 shares during the last quarter. State Street Corp boosted its holdings in HubSpot by 3.7% in the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock worth $478,287,000 after purchasing an additional 42,948 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in HubSpot by 117.6% in the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after purchasing an additional 642,545 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.
HubSpot Stock Performance
Shares of HubSpot stock opened at $261.01 on Friday. HubSpot, Inc. has a one year low of $169.63 and a one year high of $525.51. The stock’s fifty day moving average is $216.41 and its 200 day moving average is $223.81. The stock has a market cap of $13.02 billion, a P/E ratio of 92.23, a P/E/G ratio of 2.77 and a beta of 1.19.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Wells Fargo & Company downgraded HubSpot from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 6th. Barclays cut their price objective on HubSpot from $270.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Mizuho reduced their price objective on HubSpot from $300.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Finally, UBS Group set a $287.00 target price on HubSpot in a report on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $268.90.
Check Out Our Latest Stock Report on HubSpot
Insider Activity
In other news, Director Gerald Dischler bought 925 shares of HubSpot stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $215.93 per share, with a total value of $199,735.25. Following the acquisition, the director owned 1,940 shares of the company’s stock, valued at $418,904.20. The trade was a 91.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the sale, the director owned 85,000 shares in the company, valued at approximately $18,792,650. The trade was a 9.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,202 shares of company stock valued at $5,477,709 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.
About HubSpot
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
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