CIBC Asset Management Inc Purchases 249 Shares of HubSpot, Inc. (NYSE:HUBS)

CIBC Asset Management Inc boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 13.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,139 shares of the software maker’s stock after acquiring an additional 249 shares during the period. CIBC Asset Management Inc’s holdings in HubSpot were worth $1,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the 3rd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. HM Payson & Co. increased its position in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Friedenthal Financial purchased a new stake in HubSpot during the fourth quarter valued at $50,000. Finally, Crewe Advisors LLC lifted its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and lifted their target price for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Royal Bank of Canada increased their price target on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group raised their price target on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $726.43 on Friday. The firm’s 50 day simple moving average is $739.84 and its 200-day simple moving average is $629.64. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap of $37.88 billion, a PE ratio of 8,072.32, a price-to-earnings-growth ratio of 42.71 and a beta of 1.72.

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

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last three months. 4.50% of the stock is owned by corporate insiders.

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.