HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 58.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,406 shares of the software maker’s stock after acquiring an additional 17,818 shares during the period. Canada Pension Plan Investment Board’s holdings in HubSpot were worth $33,728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in HubSpot during the fourth quarter worth about $420,345,000. Raymond James Financial Inc. purchased a new stake in shares of HubSpot during the 4th quarter worth approximately $157,019,000. Wealthfront Advisers LLC grew its holdings in shares of HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after acquiring an additional 129,357 shares during the period. Proficio Capital Partners LLC purchased a new position in HubSpot in the 4th quarter valued at approximately $79,135,000. Finally, Alliancebernstein L.P. boosted its position in HubSpot by 61.9% during the fourth quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker’s stock worth $199,504,000 after purchasing an additional 109,449 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several research reports. Stephens began coverage on HubSpot in a research note on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price target for the company. Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 target price for the company in a research report on Wednesday, March 12th. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a research note on Thursday, February 13th. Piper Sandler upped their target price on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Sanford C. Bernstein began coverage on HubSpot in a research report on Thursday, March 20th. They set a “market perform” rating and a $693.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $818.04.

HubSpot Price Performance

NYSE:HUBS opened at $538.98 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The business’s 50-day moving average is $627.88 and its two-hundred day moving average is $660.10. The firm has a market capitalization of $28.11 billion, a PE ratio of 5,989.35, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the transaction, the insider now directly owns 525,687 shares of the company’s stock, valued at $283,135,018.20. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,882 shares of company stock worth $17,993,757. 4.50% of the stock is currently owned by company insiders.

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.