TD Asset Management Inc Grows Position in HubSpot, Inc. $HUBS

TD Asset Management Inc grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 68,765 shares of the software maker’s stock after buying an additional 4,428 shares during the period. TD Asset Management Inc’s holdings in HubSpot were worth $32,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in HubSpot by 23.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock worth $11,128,000 after purchasing an additional 4,559 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of HubSpot in the third quarter worth about $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in HubSpot by 19.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after acquiring an additional 1,533 shares in the last quarter. Nordea Investment Management AB raised its holdings in HubSpot by 34.9% in the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock valued at $10,148,000 after acquiring an additional 5,595 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in HubSpot in the 3rd quarter valued at about $2,079,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the sale, the insider directly owned 10,119 shares of the company’s stock, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,691 shares of company stock valued at $8,136,702 in the last ninety days. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Rothschild & Co Redburn cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. UBS Group reissued an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. BTIG Research reduced their price target on HubSpot from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Jefferies Financial Group dropped their price objective on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Canaccord Genuity Group set a $485.00 target price on shares of HubSpot in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $452.70.

HubSpot Trading Down 1.5%

Shares of NYSE:HUBS opened at $264.54 on Friday. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 304.07, a PEG ratio of 3.98 and a beta of 1.44. HubSpot, Inc. has a 12-month low of $207.20 and a 12-month high of $732.00. The business has a 50-day moving average price of $310.16 and a 200 day moving average price of $395.25.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company had revenue of $846.75 million for the quarter, compared to analysts’ expectations of $830.65 million. During the same quarter in the prior year, the company posted $2.32 earnings per share. HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot 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.