Universal Beteiligungs und Servicegesellschaft mbH Takes Position in HubSpot, Inc. (NYSE:HUBS)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 46,905 shares of the software maker's stock, valued at approximately $32,682,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of HubSpot as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBS. Farther Finance Advisors LLC grew its position in HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after buying an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after buying an additional 13 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after buying an additional 15 shares in the last quarter. Amalgamated Bank increased its position in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after buying an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after purchasing an additional 17 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the transaction, the insider now directly owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,062 shares of company stock worth $11,516,757. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Up 2.0%

HUBS stock traded up $11.68 during mid-day trading on Friday, hitting $589.93. 1,416,230 shares of the company were exchanged, compared to its average volume of 615,967. The business has a fifty day simple moving average of $589.71 and a 200-day simple moving average of $670.38. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a market capitalization of $31.11 billion, a P/E ratio of 6,555.51, a PEG ratio of 41.44 and a beta of 1.78.

Wall Street Analyst Weigh In

HUBS has been the subject of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $900.00 target price on shares of HubSpot in a research note on Friday, May 9th. Piper Sandler lifted their price objective on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Morgan Stanley lifted their price objective on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Truist Financial cut their target price on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group cut their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $767.33.

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.