Bank Julius Baer & Co. Ltd Zurich Sells 11,376 Shares of HubSpot, Inc. (NYSE:HUBS)

Bank Julius Baer & Co. Ltd Zurich cut its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 49.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,456 shares of the software maker's stock after selling 11,376 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in HubSpot were worth $6,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elequin Capital LP bought a new position in shares of HubSpot in the 4th quarter worth about $27,000. Coppell Advisory Solutions LLC grew its stake in 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 increased its holdings in HubSpot by 213.3% in 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 in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in HubSpot in the fourth quarter worth approximately $36,000. Finally, Colonial Trust Co SC lifted its stake in HubSpot by 111.1% in the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at $35,269,313.22. This trade represents a 3.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,998 shares of company stock worth $10,928,616 in the last quarter. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Piper Sandler increased their target price on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. BMO Capital Markets reduced their price target on shares of HubSpot from $735.00 to $650.00 and set an "outperform" rating for the company in a report on Friday, July 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research note on Friday, May 9th. Finally, The Goldman Sachs Group reduced their target price on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $759.04.

HubSpot Trading Up 1.4%

Shares of HUBS traded up $7.65 on Friday, reaching $559.81. 601,522 shares of the company's stock traded hands, compared to its average volume of 735,680. The stock's 50 day simple moving average is $569.90 and its two-hundred day simple moving average is $626.72. The stock has a market cap of $29.52 billion, a PE ratio of -1,244.03, a PEG ratio of 20.80 and a beta of 1.66. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

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.