Assenagon Asset Management S.A. boosted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 74.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,980 shares of the software maker's stock after purchasing an additional 16,592 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of HubSpot worth $22,269,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Apollon Wealth Management LLC purchased a new position in shares of HubSpot in the fourth quarter valued at about $268,000. Empowered Funds LLC boosted its holdings in shares of HubSpot by 3.1% in the 4th quarter. Empowered Funds LLC now owns 833 shares of the software maker's stock worth $580,000 after purchasing an additional 25 shares during the period. Savant Capital LLC increased its position in HubSpot by 1.1% during the fourth quarter. Savant Capital LLC now owns 2,661 shares of the software maker's stock valued at $1,854,000 after acquiring an additional 30 shares during the last quarter. Certuity LLC purchased a new stake in HubSpot in the 4th quarter worth about $227,000. Finally, Avestar Capital LLC bought a new stake in shares of HubSpot during the 4th quarter worth approximately $226,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
HubSpot Stock Down 3.0%
Shares of NYSE HUBS traded down $17.14 during trading on Friday, hitting $552.68. 805,780 shares of the company traded hands, compared to its average volume of 620,381. The firm has a market capitalization of $29.15 billion, a P/E ratio of 6,141.57, a P/E/G ratio of 41.44 and a beta of 1.70. The company has a 50-day moving average price of $595.31 and a 200-day moving average price of $664.01. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.
Insiders Place Their Bets
In related news, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,062 shares of company stock worth $11,516,757 over the last three months. 4.50% of the stock is owned by insiders.
Analyst Ratings Changes
Several research analysts have commented on HUBS shares. Scotiabank reduced their price objective on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Oppenheimer raised their price objective on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Macquarie assumed coverage on HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 target price for the company. Piper Sandler increased their price target on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Raymond James reiterated an "outperform" rating and set a $825.00 price objective (down previously from $980.00) on shares of HubSpot in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and an average target price of $766.71.
Read Our Latest Stock Report on HUBS
HubSpot Company Profile
(
Free Report)
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.
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