Banque Pictet & Cie SA Invests $313,000 in HubSpot, Inc. (NYSE:HUBS)

Banque Pictet & Cie SA purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 548 shares of the software maker's stock, valued at approximately $313,000.

A number of other large investors have also added to or reduced their stakes in HUBS. Elequin Capital LP purchased a new position in HubSpot in the 4th quarter valued at about $27,000. Larson Financial Group LLC boosted its holdings in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in HubSpot during the 4th quarter worth approximately $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the transaction, the chief financial officer owned 41,086 shares in the company, valued at $22,670,843.94. This represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the transaction, the director directly owned 523,984 shares in the company, valued at approximately $287,158,951.52. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,678 shares of company stock worth $11,298,621 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HUBS has been the subject of a number of recent analyst reports. Citigroup raised their price target on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Oppenheimer increased their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Raymond James Financial reissued an "outperform" rating and issued a $825.00 target price (down previously from $980.00) on shares of HubSpot in a research report 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 note on Wednesday, April 16th. Finally, Stifel Nicolaus set a $750.00 price target on HubSpot in a research note on Friday, April 25th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $766.71.

HubSpot Price Performance

Shares of HubSpot stock opened at $553.90 on Friday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The business's fifty day moving average price is $593.36 and its two-hundred day moving average price is $639.70. The company has a market capitalization of $29.21 billion, a P/E ratio of -1,230.89, a PEG ratio of 20.83 and a beta of 1.66.

About HubSpot

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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