Bosman Wealth Management LLC Acquires New Stake in HubSpot, Inc. (NYSE:HUBS)

Bosman Wealth Management LLC bought a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,666 shares of the software maker's stock, valued at approximately $2,666,000. HubSpot accounts for approximately 2.7% of Bosman Wealth Management LLC's investment portfolio, making the stock its 17th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new stake in HubSpot during the 4th quarter worth approximately $27,000. Larson Financial Group LLC raised its stake in shares of 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 acquiring an additional 27 shares in 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 period. 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 worth $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in HubSpot during the 4th quarter worth $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00. Following the completion of the sale, the director directly owned 523,984 shares of the company's stock, valued at approximately $287,158,951.52. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the firm'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 $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,678 shares of company stock valued at $11,298,621. Insiders own 4.50% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HUBS. Scotiabank reduced their price target 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. Citigroup upped their target price on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Mizuho decreased their price target on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and set a $900.00 price target on shares of HubSpot in a report on Friday, May 9th. Finally, Piper Sandler raised their price objective on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $766.71.

HubSpot Trading Down 5.4%

Shares of HubSpot stock traded down $30.01 during trading on Friday, reaching $523.76. The company's stock had a trading volume of 1,233,981 shares, compared to its average volume of 614,871. The company has a 50-day moving average price of $593.36 and a two-hundred day moving average price of $639.70. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a market cap of $27.62 billion, a PE ratio of -1,163.91, a P/E/G ratio of 20.58 and a beta of 1.66.

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.