Wealth Enhancement Advisory Services LLC Raises Holdings in HubSpot, Inc. (NYSE:HUBS)

Wealth Enhancement Advisory Services LLC lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 35.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,293 shares of the software maker's stock after purchasing an additional 1,646 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in HubSpot were worth $3,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP boosted its position in HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after purchasing an additional 74,990 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of HubSpot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after buying an additional 9,922 shares during the last quarter. Groupama Asset Managment boosted its holdings in shares of HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after buying an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after buying an additional 104,800 shares during the last quarter. Finally, Norges Bank bought a new position in shares of HubSpot during the 4th quarter worth approximately $420,345,000. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at $43,015,800. This represents a 0.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the sale, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,062 shares of company stock valued at $11,011,432. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Up 0.5%

Shares of HUBS traded up $2.56 during mid-day trading on Friday, reaching $550.32. The company had a trading volume of 1,011,930 shares, compared to its average volume of 626,400. The stock has a market capitalization of $29.02 billion, a P/E ratio of -1,222.94, a PEG ratio of 19.75 and a beta of 1.70. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock has a 50 day moving average of $599.08 and a two-hundred day moving average of $651.26.

Analysts Set New Price Targets

HUBS has been the subject of a number of analyst reports. Piper Sandler increased their target price on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Oppenheimer raised their price objective on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research 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 research note on Thursday, April 24th. UBS Group upped their target price on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Mizuho lowered 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. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $766.71.

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.