Board of the Pension Protection Fund Purchases New Stake in HubSpot, Inc. (NYSE:HUBS)

Board of the Pension Protection Fund bought a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,100 shares of the software maker's stock, valued at approximately $628,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC raised its holdings 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 lifted its position 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 during the last quarter. Aster Capital Management DIFC Ltd lifted its position 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 during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in HubSpot in the fourth quarter valued at about $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUBS. UBS Group raised their target price on shares of HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Oppenheimer increased their price target on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Scotiabank reduced their price objective on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley upped their target price on HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group dropped their target price on HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Five 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 MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $766.71.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $2.56 during trading on Friday, reaching $550.32. 1,011,930 shares of the stock were exchanged, compared to its average volume of 626,400. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a fifty day moving average of $599.08 and a two-hundred day moving average of $651.26. The firm has a market cap of $29.02 billion, a price-to-earnings ratio of -1,222.94, a price-to-earnings-growth ratio of 19.75 and a beta of 1.70.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. The trade was a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 now directly owns 523,984 shares in the company, valued at $287,158,951.52. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,062 shares of company stock valued at $11,011,432. 4.50% of the stock is owned by corporate insiders.

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.