Generali Investments Towarzystwo Funduszy Inwestycyjnych Grows Holdings in HubSpot, Inc. (NYSE:HUBS)

Key Points

• Generali Investments increased its stake in HubSpot by 24.5% during the first quarter, now holding 6,600 shares valued at approximately $3.77 million.
• Insider trading activity included the sale of 8,500 shares by Director Brian Halligan for over $4.61 million, reducing his ownership by 1.60%.
• HubSpot's stock has seen a 4.1% decrease recently, with a current price of $498.33, and analysts have set a consensus target price of $759.04, suggesting potential upside.

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 24.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,600 shares of the software maker's stock after purchasing an additional 1,300 shares during the quarter. HubSpot comprises 2.4% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its 10th largest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in HubSpot were worth $3,771,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HUBS. Massachusetts Financial Services Co. MA grew its holdings in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares during the period. GAMMA Investing LLC increased its position in shares of HubSpot by 80,552.5% in the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock worth $1,018,280,000 after acquiring an additional 178,021 shares in the last quarter. Two Sigma Investments LP increased its position in shares of HubSpot by 156.1% in the fourth quarter. Two Sigma Investments LP now owns 143,217 shares of the software maker's stock worth $99,789,000 after acquiring an additional 87,298 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of HubSpot in the fourth quarter worth $43,778,000. Finally, Baird Financial Group Inc. increased its position in shares of HubSpot by 15,320.5% in the fourth quarter. Baird Financial Group Inc. now owns 60,911 shares of the software maker's stock worth $42,441,000 after acquiring an additional 60,516 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares in the company, 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 this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the sale, the director owned 522,435 shares in the company, valued at approximately $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,998 shares of company stock worth $10,928,616 in the last ninety days. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several recent research reports. Oppenheimer increased their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Barclays dropped their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Mizuho dropped their price objective on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley increased their price objective on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Piper Sandler raised their price target on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, HubSpot has an average rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot Trading Down 1.6%

NYSE:HUBS traded down $8.23 during mid-day trading on Tuesday, hitting $493.97. The stock had a trading volume of 203,467 shares, compared to its average volume of 687,668. The stock has a market capitalization of $26.05 billion, a price-to-earnings ratio of -1,096.98, a P/E/G ratio of 18.13 and a beta of 1.66. The company has a 50 day simple moving average of $557.95 and a 200-day simple moving average of $618.66. HubSpot, Inc. has a 52 week low of $448.46 and a 52 week 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.