Banque Pictet & Cie SA purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 548 shares of the software maker's stock, valued at approximately $313,000.
A number of other institutional investors also recently bought and sold shares of the business. Elequin Capital LP purchased a new stake in HubSpot during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC raised its stake in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after buying an additional 27 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after buying an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd raised its stake in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after buying an additional 32 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of HubSpot during the 4th quarter worth approximately $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
HubSpot Stock Performance
Shares of NYSE HUBS traded down $30.01 during midday trading on Friday, reaching $523.76. 1,233,981 shares of the company's stock were exchanged, compared to its average volume of 614,871. 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 $27.62 billion, a PE ratio of -1,163.91, a price-to-earnings-growth ratio of 20.58 and a beta of 1.66. The business's fifty day moving average price is $591.09 and its two-hundred day moving average price is $638.34.
Analyst Upgrades and Downgrades
HUBS has been the topic of a number of research reports. Barclays lowered their price target on HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and issued a $900.00 price target on shares of HubSpot in a report on Friday, May 9th. UBS Group upped their price target on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Oppenheimer upped their price target on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus set a $750.00 price target on HubSpot in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and an average target price of $766.71.
Read Our Latest Research Report on HUBS
Insider Activity at HubSpot
In related news, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the sale, the chief financial officer directly owned 41,086 shares of the company's stock, valued at $22,670,843.94. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,678 shares of company stock valued at $11,298,621 over the last three months. 4.50% of the stock is owned by insiders.
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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