Stanley Laman Group Ltd. Purchases 9,333 Shares of HubSpot, Inc. (NYSE:HUBS)

Stanley Laman Group Ltd. boosted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 745.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,585 shares of the software maker's stock after purchasing an additional 9,333 shares during the period. HubSpot comprises about 0.9% of Stanley Laman Group Ltd.'s holdings, making the stock its 19th largest holding. Stanley Laman Group Ltd.'s holdings in HubSpot were worth $6,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in HubSpot during the 4th quarter worth about $27,000. Larson Financial Group LLC lifted its stake in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after acquiring an additional 27 shares during the period. Coppell Advisory Solutions LLC increased its position in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the period. Aster Capital Management DIFC Ltd lifted its position in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new position in shares of HubSpot in the 4th quarter worth approximately $35,000. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Down 3.0%

NYSE HUBS traded down $17.14 during trading hours on Friday, reaching $552.68. 805,780 shares of the company were exchanged, compared to its average volume of 621,000. The stock has a market capitalization of $29.15 billion, a P/E ratio of 6,141.57, a P/E/G ratio of 41.44 and a beta of 1.70. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The business's 50 day simple moving average is $596.64 and its 200-day simple moving average is $662.38.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 680 shares of the firm'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 approximately $43,015,800. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock worth $11,516,757 in the last quarter. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HUBS shares. Jefferies Financial Group lowered their target price on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Stephens started coverage on HubSpot in a research report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 target price on the stock. Scotiabank lowered their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Finally, Cantor Fitzgerald initiated coverage on HubSpot in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $766.71.

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.