Edmond DE Rothschild Holding S.A. bought a new stake in HubSpot, Inc. (NYSE:HUBS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 354,042 shares of the software maker’s stock, valued at approximately $64,616,000. HubSpot comprises about 0.9% of Edmond DE Rothschild Holding S.A.’s investment portfolio, making the stock its 27th biggest position.
Several other institutional investors also recently modified their holdings of HUBS. Empowered Funds LLC raised its stake in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after buying an additional 737 shares during the last quarter. NewEdge Advisors LLC boosted its stake in HubSpot by 12.1% in the second quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock valued at $2,665,000 after acquiring an additional 516 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in HubSpot by 4.7% in the second quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock valued at $13,222,000 after acquiring an additional 1,077 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in HubSpot during the 2nd quarter worth $34,000. Finally, Alliancebernstein L.P. grew its holdings in HubSpot by 35.0% during the 2nd quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock worth $209,335,000 after acquiring an additional 97,469 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.
HubSpot Stock Up 6.8%
Shares of NYSE HUBS opened at $241.60 on Thursday. The company’s fifty day moving average is $207.56 and its 200-day moving average is $223.86. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 85.37, a P/E/G ratio of 2.31 and a beta of 1.19. HubSpot, Inc. has a twelve month low of $169.63 and a twelve month high of $525.51.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on HUBS shares. The Goldman Sachs Group set a $276.00 price target on HubSpot in a research note on Thursday, August 6th. UBS Group set a $287.00 price objective on HubSpot in a report on Thursday, August 6th. BNP Paribas Exane lowered HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Monday, May 11th. Stifel Nicolaus cut HubSpot from a “buy” rating to a “hold” rating and reduced their target price for the stock from $275.00 to $200.00 in a report on Thursday, August 6th. Finally, Sanford C. Bernstein lowered HubSpot from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $381.00 to $220.00 in a research report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $268.90.
Check Out Our Latest Research Report on HUBS
Insider Buying and Selling at HubSpot
In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total value of $1,879,265.00. Following the completion of the transaction, the director directly owned 85,000 shares of the company’s stock, valued at approximately $18,792,650. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Dischler purchased 925 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $215.93 per share, with a total value of $199,735.25. Following the completion of the acquisition, the director directly owned 1,940 shares of the company’s stock, valued at approximately $418,904.20. This represents a 91.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 17,702 shares of company stock valued at $3,611,959. Company insiders own 3.70% of the company’s stock.
HubSpot Company Profile
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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