M&T Bank Corp Acquires 7,205 Shares of HubSpot, Inc. $HUBS

M&T Bank Corp boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 318.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,464 shares of the software maker’s stock after acquiring an additional 7,205 shares during the period. M&T Bank Corp’s holdings in HubSpot were worth $3,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Empowered Funds LLC grew its holdings in HubSpot by 88.5% during the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after acquiring an additional 737 shares in the last quarter. NewEdge Advisors LLC grew its holdings in HubSpot by 12.1% during the 2nd quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock worth $2,665,000 after acquiring an additional 516 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in HubSpot by 4.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock worth $13,222,000 after acquiring an additional 1,077 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in HubSpot during the 2nd quarter worth about $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 in the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Up 0.8%

HUBS stock opened at $225.03 on Tuesday. The firm has a 50 day moving average of $244.00 and a 200 day moving average of $326.84. The stock has a market capitalization of $11.87 billion, a PE ratio of 258.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.44. HubSpot, Inc. has a 52 week low of $187.45 and a 52 week high of $682.57.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the business earned $2.32 EPS. On average, equities research analysts expect that HubSpot, Inc. will post 3.62 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction that occurred 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 in the company, valued at $2,408,423.19. This trade represents a 7.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Halligan sold 8,292 shares of HubSpot stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $230.72, for a total transaction of $1,913,130.24. Following the completion of the sale, the director owned 362,000 shares of the company’s stock, valued at $83,520,640. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,483 shares of company stock valued at $6,585,062 over the last quarter. 4.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HUBS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. Mizuho lowered their price target on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Barclays lowered their price target on shares of HubSpot from $525.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. BTIG Research restated a “buy” rating and issued a $300.00 price target on shares of HubSpot in a report on Tuesday, April 21st. Finally, Stifel Nicolaus lowered their price target on shares of HubSpot from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Twenty-five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.89.

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.