Oddo BHF Asset Management Sas Invests $740,000 in HubSpot, Inc. (NYSE:HUBS)

Oddo BHF Asset Management Sas purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,392 shares of the software maker’s stock, valued at approximately $740,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the 3rd quarter valued at $25,000. Coldstream Capital Management Inc. increased its holdings in HubSpot by 40.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 783 shares of the software maker’s stock valued at $433,000 after purchasing an additional 227 shares in the last quarter. Synergy Financial Group LTD increased its holdings in HubSpot by 14.2% in the 3rd quarter. Synergy Financial Group LTD now owns 933 shares of the software maker’s stock valued at $496,000 after purchasing an additional 116 shares in the last quarter. Geode Capital Management LLC raised its position in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after purchasing an additional 19,974 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of HubSpot by 127.5% during the third quarter. M&T Bank Corp now owns 4,496 shares of the software maker’s stock worth $2,390,000 after purchasing an additional 2,520 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % 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, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares of the company’s stock, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,390 shares of company stock valued at $29,126,596. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HUBS shares. BMO Capital Markets increased their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group lifted their price objective on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $750.00 price target (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Finally, Royal Bank of Canada upped their price objective 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. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $689.95.

HubSpot Price Performance

HUBS stock opened at $721.86 on Friday. The firm has a fifty day moving average price of $637.78 and a two-hundred day moving average price of $564.70. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47. The firm has a market cap of $37.26 billion, a price-to-earnings ratio of -2,673.46, a PEG ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping 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 firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, analysts expect that HubSpot, Inc. will post 0.4 EPS 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.