HubSpot, Inc. (NYSE:HUBS) Stake Raised by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,862 shares of the software maker's stock after purchasing an additional 1,931 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of HubSpot worth $15,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC boosted 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 worth $32,000 after acquiring an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its position 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. Murphy & Mullick Capital Management Corp acquired a new position in HubSpot during the fourth quarter worth about $36,000. Finally, Colonial Trust Co SC boosted its position in HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other HubSpot 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 value of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares in the company, 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 SEC, which can be accessed through this link. Also, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares in the company, valued at $22,670,843.94. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,998 shares of company stock valued at $10,928,616 over the last 90 days. 4.50% of the stock is owned by company insiders.

HubSpot Stock Performance

Shares of HUBS stock traded up $7.65 during mid-day trading on Friday, reaching $559.81. 601,522 shares of the company were exchanged, compared to its average volume of 735,680. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company has a market capitalization of $29.52 billion, a P/E ratio of -1,244.03, a P/E/G ratio of 20.80 and a beta of 1.66. The business's 50 day simple moving average is $569.90 and its 200 day simple moving average is $626.72.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent research reports. BMO Capital Markets lowered their price target on shares of HubSpot from $735.00 to $650.00 and set an "outperform" rating on the stock in a research report on Friday, July 18th. BNP Paribas initiated coverage on shares of HubSpot in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 target price on the stock. Cantor Fitzgerald initiated coverage on shares of HubSpot in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price on the stock. Wall Street Zen downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Scotiabank reduced their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Five 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $759.04.

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.