Envestnet Asset Management Inc. Has $38 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Envestnet Asset Management Inc. decreased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 66,516 shares of the software maker's stock after selling 1,379 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of HubSpot worth $38,000,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new position in HubSpot in the fourth quarter valued at $27,000. Coppell Advisory Solutions LLC increased its position in 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 purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position 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 buying an additional 32 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in HubSpot during the fourth quarter valued at approximately $36,000. Finally, Colonial Trust Co SC grew its stake in HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after buying an additional 30 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

NYSE:HUBS traded down $9.97 during mid-day trading on Tuesday, hitting $528.63. The company had a trading volume of 685,622 shares, compared to its average volume of 609,877. The firm has a market cap of $27.88 billion, a P/E ratio of -1,174.73, a P/E/G ratio of 20.02 and a beta of 1.66. The business's fifty day moving average is $589.01 and its two-hundred day moving average is $635.97. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

Analysts Set New Price Targets

A number of brokerages have weighed in on HUBS. Wells Fargo & Company lowered their price objective on HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Scotiabank dropped their target price 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. Oppenheimer increased their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Jefferies Financial Group dropped their price target on HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a report on Saturday. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $764.93.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on 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 sale, the director directly owned 523,984 shares of the company's stock, valued at approximately $287,158,951.52. The trade was a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,383 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 $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,178 shares of company stock valued at $6,720,521. 4.50% of the stock is owned by insiders.

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.