1776 Wealth LLC Purchases 1,472 Shares of HubSpot, Inc. (NYSE:HUBS)

1776 Wealth LLC lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 368.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,872 shares of the software maker's stock after buying an additional 1,472 shares during the period. 1776 Wealth LLC's holdings in HubSpot were worth $1,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter valued at $27,000. Coppell Advisory Solutions LLC increased its stake in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after purchasing an additional 34 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of HubSpot during the fourth quarter worth about $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Down 1.8%

HUBS traded down $10.26 on Thursday, reaching $550.65. The company had a trading volume of 209,406 shares, compared to its average volume of 687,495. The company has a fifty day moving average of $574.13 and a 200-day moving average of $629.32. The company has a market capitalization of $29.04 billion, a P/E ratio of -1,224.53, a PEG ratio of 20.43 and a beta of 1.66. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the transaction, the director owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,998 shares of company stock valued at $10,928,616. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BNP Paribas assumed coverage on shares of HubSpot in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 target price on the stock. BMO Capital Markets decreased their price objective on shares of HubSpot from $735.00 to $650.00 and set an "outperform" rating on the stock in a report on Friday, July 18th. Morgan Stanley upped their price objective on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. The Goldman Sachs Group dropped their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Barclays dropped their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research report on Monday. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $759.04.

HubSpot Company 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.