HubSpot, Inc. (NYSE:HUBS) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,409 shares of the software maker's stock after selling 557 shares during the period. DekaBank Deutsche Girozentrale's holdings in HubSpot were worth $8,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HUBS. Farther Finance Advisors LLC raised its stake in HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after buying an additional 13 shares in the last quarter. Wedbush Securities Inc. raised its stake in HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after buying an additional 13 shares in the last quarter. Summit Global Investments raised its stake in HubSpot by 1.4% in the fourth quarter. Summit Global Investments now owns 1,275 shares of the software maker's stock worth $889,000 after buying an additional 17 shares in the last quarter. WCM Investment Management LLC raised its stake in HubSpot by 0.6% in the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after buying an additional 17 shares in the last quarter. Finally, Erste Asset Management GmbH raised its stake in HubSpot by 0.6% in the fourth quarter. Erste Asset Management GmbH now owns 3,299 shares of the software maker's stock worth $2,336,000 after buying an additional 19 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Truist Financial reduced their price objective on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research note 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 research note on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research note on Friday, May 9th. Raymond James Financial reaffirmed an "outperform" rating and issued a $825.00 price target (down from $980.00) on shares of HubSpot in a report on Friday, May 9th. Finally, Piper Sandler lifted their price target on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $766.71.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of the company'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 $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction on 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 in the company, valued at approximately $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. Over the last three months, insiders have sold 20,678 shares of company stock valued at $11,298,621. 4.50% of the stock is owned by insiders.

HubSpot Stock Down 5.4%

Shares of HUBS traded down $30.01 during trading hours on Friday, reaching $523.76. 1,233,981 shares of the company traded hands, compared to its average volume of 614,871. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market capitalization of $27.62 billion, a P/E ratio of -1,163.91, a P/E/G ratio of 20.58 and a beta of 1.66. The business has a fifty day moving average price of $591.09 and a 200-day moving average price of $638.34.

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.