Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

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

A number of other hedge funds also recently bought and sold shares of HUBS. Oak Harvest Investment Services acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $2,065,000. Mayflower Financial Advisors LLC purchased a new position in HubSpot in the 4th quarter valued at approximately $862,000. Legato Capital Management LLC purchased a new position in HubSpot in the 4th quarter valued at approximately $1,951,000. Twelve Points Wealth Management LLC purchased a new position in HubSpot in the 4th quarter valued at approximately $322,000. Finally, Northern Trust Corp boosted its position in HubSpot by 18.0% in the 4th quarter. Northern Trust Corp now owns 345,535 shares of the software maker's stock valued at $240,758,000 after buying an additional 52,792 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,062 shares of company stock valued at $11,516,757. Insiders own 4.50% of the company's stock.

HubSpot Price Performance

Shares of NYSE:HUBS traded down $40.41 on Thursday, reaching $576.51. The company's stock had a trading volume of 1,285,808 shares, compared to its average volume of 619,238. The stock's 50-day moving average is $590.41 and its two-hundred day moving average is $671.54. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock has a market capitalization of $30.40 billion, a P/E ratio of 6,406.38, a PEG ratio of 41.44 and a beta of 1.78.

Analyst Upgrades and Downgrades

Several brokerages have commented on HUBS. Canaccord Genuity Group raised their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. KeyCorp raised shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a research report on Thursday, February 13th. Truist Financial lowered their target price on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group lowered their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, BMO Capital Markets lowered their target price on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot presently 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.