Freemont Management S.A. Buys New Position in HubSpot, Inc. (NYSE:HUBS)

Key Points

• Freemont Management S.A. made a new investment of approximately $4.17 million in HubSpot, acquiring 7,300 shares, which represents about 1.4% of its total holdings.
• Insider selling occurred with CEO Yamini Rangan and CFO Kathryn Bueker selling shares valued at over $1.6 million combined, resulting in a decrease of their positions by 3.59% and 1.47%, respectively.
• HubSpot's stock currently holds a market capitalization of $29.15 billion, with a recent consensus rating of "Moderate Buy" and a target price averaging at $759.04.

Freemont Management S.A. purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,300 shares of the software maker's stock, valued at approximately $4,170,000. HubSpot accounts for approximately 1.4% of Freemont Management S.A.'s investment portfolio, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Elequin Capital LP bought a new stake in HubSpot during the 4th quarter valued at $27,000. Coppell Advisory Solutions LLC increased its stake in HubSpot by 91.7% during the 4th 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 in the last quarter. Aster Capital Management DIFC Ltd increased 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 valued at $33,000 after purchasing an additional 32 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after purchasing an additional 34 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in HubSpot during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the 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 sale, the chief financial officer directly owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the sale, the director directly owned 522,435 shares in the company, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on HUBS shares. Jefferies Financial Group decreased their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Oppenheimer boosted their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Wells Fargo & Company decreased their price target on shares of HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Citigroup increased their target price on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a report on Saturday. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and an average price target of $759.04.

HubSpot Trading Down 2.1%

Shares of HubSpot stock traded down $11.61 on Tuesday, reaching $547.63. The stock had a trading volume of 169,103 shares, compared to its average volume of 683,728. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market cap of $28.88 billion, a P/E ratio of -1,216.65, a price-to-earnings-growth ratio of 20.80 and a beta of 1.66. The business's 50 day moving average is $568.15 and its two-hundred day moving average is $625.14.

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.