Gotham Asset Management LLC Acquires New Shares in HubSpot, Inc. (NYSE:HUBS)

Gotham Asset Management LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 676 shares of the software maker's stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUBS. Farther Finance Advisors LLC increased its stake in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after purchasing an additional 13 shares during the period. Wedbush Securities Inc. increased its stake in shares of HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after purchasing an additional 13 shares during the period. First Horizon Advisors Inc. increased its stake in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after purchasing an additional 15 shares during the period. Amalgamated Bank increased its stake in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after purchasing an additional 16 shares during the period. Finally, Avitas Wealth Management LLC increased its stake in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Performance

NYSE:HUBS opened at $647.44 on Tuesday. The stock's fifty day moving average price is $588.90 and its two-hundred day moving average price is $672.51. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market cap of $34.08 billion, a price-to-earnings ratio of 7,194.58, a P/E/G ratio of 41.44 and a beta of 1.78.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,062 shares of company stock valued at $11,516,757. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. William Blair reaffirmed an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Mizuho cut their price target on HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Redburn Atlantic initiated coverage on HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada upped their price objective on HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $767.33.

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.

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