Cerity Partners LLC Buys 3,185 Shares of HubSpot, Inc. (NYSE:HUBS)

Cerity Partners LLC increased its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 48.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,754 shares of the software maker's stock after acquiring an additional 3,185 shares during the quarter. Cerity Partners LLC's holdings in HubSpot were worth $5,573,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HUBS. Elequin Capital LP acquired a new position in HubSpot during the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC boosted its stake 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 acquiring an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in HubSpot by 213.3% during the fourth 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 during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of HubSpot during the 4th quarter worth $36,000. Finally, Colonial Trust Co SC increased its stake in shares of HubSpot by 111.1% in the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total value of $4,616,095.00. Following the transaction, the director owned 522,435 shares of the company's stock, valued at $283,718,775.45. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,678 shares of company stock worth $11,336,616 in the last three months. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of HUBS traded up $13.65 during mid-day trading on Friday, hitting $542.25. 676,042 shares of the company traded hands, compared to its average volume of 609,265. The stock has a 50-day moving average price of $582.17 and a two-hundred day moving average price of $633.40. The stock has a market cap of $28.60 billion, a price-to-earnings ratio of -1,205.00, a P/E/G ratio of 20.13 and a beta of 1.66. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

Analyst Ratings Changes

A number of brokerages recently issued reports on HUBS. Raymond James Financial reissued an "outperform" rating and set a $825.00 price objective (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. UBS Group increased their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a report on Friday, May 9th. The Goldman Sachs Group decreased their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Cantor Fitzgerald started coverage on HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price objective on the stock. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $761.54.

HubSpot Company 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.