HubSpot, Inc. (NYSE:HUBS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 80,552.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 178,242 shares of the software maker's stock after acquiring an additional 178,021 shares during the period. GAMMA Investing LLC owned 0.34% of HubSpot worth $1,018,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HUBS. Elequin Capital LP bought a new position in HubSpot in the fourth quarter valued at about $27,000. Larson Financial Group LLC raised its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares during the period. Coppell Advisory Solutions LLC raised its position in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after purchasing an additional 22 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of HubSpot by 213.3% during the fourth 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 during the period. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot during the fourth quarter worth $35,000. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Up 0.1%

Shares of HUBS stock traded up $0.45 during mid-day trading on Tuesday, reaching $592.47. The stock had a trading volume of 168,510 shares, compared to its average volume of 613,960. The business's fifty day moving average is $589.37 and its 200-day moving average is $669.79. The firm has a market cap of $31.25 billion, a price-to-earnings ratio of 6,583.73, a PEG ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stephens assumed coverage on HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price objective for the company. BNP Paribas initiated coverage on HubSpot in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 target price for the company. Morgan Stanley raised their price target on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Royal Bank of Canada lifted their price target on HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Cantor Fitzgerald began coverage on HubSpot in a research note on Tuesday. They issued an "overweight" rating and a $775.00 price target on the stock. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $767.61.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now directly owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,062 shares of company stock worth $11,516,757 over the last quarter. 4.50% of the stock is currently 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.