GSA Capital Partners LLP Purchases Shares of 2,282 HubSpot, Inc. (NYSE:HUBS)

Key Points

• GSA Capital Partners LLP has acquired a new position in HubSpot, purchasing 2,282 shares valued at approximately $1.3 million during Q1, according to their recent 13F filing.
• Institutional investors now hold 90.39% of HubSpot's stock, with several firms, including Wedbush Securities and Venturi Wealth Management, increasing their stakes during the last quarter.
• HubSpot's stock currently has a consensus rating of "Moderate Buy" and an average price target of $759.04, following various adjustments from analysts in recent months.

GSA Capital Partners LLP acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,282 shares of the software maker's stock, valued at approximately $1,304,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Private Trust Co. NA lifted its position in HubSpot by 481.5% in the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after acquiring an additional 130 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of HubSpot by 4.6% in the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after acquiring an additional 1,276 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of HubSpot by 1,840.0% in the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after acquiring an additional 92 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of HubSpot in the first quarter valued at approximately $235,000. Finally, Amalgamated Bank boosted its holdings in shares of HubSpot by 6.9% in the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock valued at $1,991,000 after acquiring an additional 226 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the sale, the chief financial officer directly owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on 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 directly owned 522,435 shares in the company, valued at approximately $283,718,775.45. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,998 shares of company stock worth $10,928,616 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price objective on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Scotiabank dropped their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Mizuho dropped their price objective on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. BNP Paribas started coverage on shares of HubSpot in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 target price for the company. Finally, Citigroup boosted their price target on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot Stock Performance

HUBS stock traded down $21.32 during trading on Friday, hitting $498.33. The stock had a trading volume of 679,039 shares, compared to its average volume of 714,794. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of -1,107.40, a price-to-earnings-growth ratio of 18.90 and a beta of 1.67. The company's 50 day moving average price is $560.18 and its two-hundred day moving average price is $621.35. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

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.