548 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Banque Pictet & Cie SA

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

A number of other large investors have also made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after buying an additional 13 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after buying an additional 13 shares during the last quarter. Summit Global Investments raised its position in shares of HubSpot by 1.4% during the fourth quarter. Summit Global Investments now owns 1,275 shares of the software maker's stock valued at $889,000 after buying an additional 17 shares during the last quarter. WCM Investment Management LLC raised its position in HubSpot by 0.6% in the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after purchasing an additional 17 shares in the last quarter. Finally, Erste Asset Management GmbH raised its position in HubSpot by 0.6% in the fourth quarter. Erste Asset Management GmbH now owns 3,299 shares of the software maker's stock worth $2,336,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HUBS. Cantor Fitzgerald began coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price target for the company. The Goldman Sachs Group dropped their price target on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Raymond James Financial reissued an "outperform" rating and issued a $825.00 price target (down previously from $980.00) on shares of HubSpot in a research report on Friday, May 9th. Scotiabank dropped their price target on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. Finally, BMO Capital Markets decreased their price objective on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $764.93.

HubSpot Trading Up 2.8%

Shares of HUBS traded up $14.68 during midday trading on Monday, reaching $538.95. The stock had a trading volume of 852,290 shares, compared to its average volume of 610,738. The firm has a 50 day simple moving average of $591.09 and a 200-day simple moving average of $637.16. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap of $28.42 billion, a PE ratio of -1,197.66, a P/E/G ratio of 19.49 and a beta of 1.66.

Insider Activity

In other news, CFO Kathryn Bueker sold 615 shares of HubSpot 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 of the company's stock, valued at $22,670,843.94. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot 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 completion of the transaction, the director directly owned 523,984 shares of the company's stock, valued at approximately $287,158,951.52. This trade represents a 1.60% decrease in their position. 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 in the last quarter. Company insiders own 4.50% of the company's stock.

HubSpot 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.