HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 79.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,700 shares of the software maker's stock after purchasing an additional 57,800 shares during the quarter. Two Sigma Advisers LP owned about 0.25% of HubSpot worth $91,068,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HUBS. Park Avenue Securities LLC grew its stake in shares of HubSpot by 27.3% during the fourth quarter. Park Avenue Securities LLC now owns 1,811 shares of the software maker's stock valued at $1,262,000 after acquiring an additional 388 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of HubSpot during the fourth quarter valued at about $603,000. Sax Wealth Advisors LLC grew its stake in shares of HubSpot by 39.1% during the fourth quarter. Sax Wealth Advisors LLC now owns 857 shares of the software maker's stock valued at $597,000 after acquiring an additional 241 shares in the last quarter. Jackson Square Capital LLC acquired a new stake in shares of HubSpot during the fourth quarter valued at about $2,844,000. Finally, Smith Salley Wealth Management acquired a new stake in shares of HubSpot during the fourth quarter valued at about $348,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Performance

Shares of HUBS traded up $4.78 during mid-day trading on Thursday, reaching $626.03. 571,501 shares of the company's stock traded hands, compared to its average volume of 624,559. The business's 50-day moving average price is $589.97 and its 200-day moving average price is $671.94. The stock has a market capitalization of $33.02 billion, a P/E ratio of 6,956.66, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HUBS shares. Royal Bank of Canada raised their target price on HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Thursday. Canaccord Genuity Group lifted their price target on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Scotiabank decreased their price target on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus set a $750.00 price target on HubSpot in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $767.33.

Insider Activity

In related news, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at $41,536,312.16. The trade was a 3.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,062 shares of company stock valued at $11,516,757. Insiders own 4.50% of the company's stock.

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.