Jefferies Financial Group Inc. Has $6.82 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Key Points

• Jefferies Financial Group Inc. increased its holdings in HubSpot, Inc. by 59.2% during the first quarter, now owning 11,940 shares valued at approximately $6.82 million.
• Insider selling activities included Brian Halligan, a director, selling 8,500 shares for about $4.62 million, and CEO Yamini Rangan selling 2,383 shares for around $1.31 million.
• HubSpot's stock recently saw a 4.1% decrease in value, currently trading at $498.33 with an average target price from analysts set at $759.04.

Jefferies Financial Group Inc. grew its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 59.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,940 shares of the software maker's stock after purchasing an additional 4,440 shares during the quarter. Jefferies Financial Group Inc.'s holdings in HubSpot were worth $6,821,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Elequin Capital LP purchased a new position in shares of HubSpot during the 4th quarter worth about $27,000. Coppell Advisory Solutions LLC grew its position in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares during the period. Aster Capital Management DIFC Ltd increased its stake in HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after acquiring an additional 32 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after purchasing an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of HubSpot in the 1st quarter valued at about $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent research reports. Truist Financial reduced their target price on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley boosted their price objective on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Barclays reduced their price target on HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Mizuho dropped their price target on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Oppenheimer raised their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot Stock Up 1.0%

Shares of NYSE HUBS traded up $4.77 during midday trading on Monday, hitting $503.28. 1,038,313 shares of the company's stock were exchanged, compared to its average volume of 748,753. The firm has a market capitalization of $26.54 billion, a PE ratio of -1,118.39, a price-to-earnings-growth ratio of 18.13 and a beta of 1.66. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The company's 50 day moving average price is $560.18 and its 200 day moving average price is $620.06.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,383 shares of HubSpot 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 owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This trade represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 19,998 shares of company stock valued at $10,928,616. Insiders own 4.50% of the company's stock.

HubSpot Company 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.