IFM Investors Pty Ltd Purchases 825 Shares of HubSpot, Inc. (NYSE:HUBS)

IFM Investors Pty Ltd grew its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,066 shares of the software maker's stock after acquiring an additional 825 shares during the quarter. IFM Investors Pty Ltd's holdings in HubSpot were worth $5,351,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Elequin Capital LP purchased a new stake in shares of HubSpot during the 4th quarter valued at about $27,000. Larson Financial Group LLC boosted its holdings in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of 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 acquiring an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after acquiring an additional 32 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of HubSpot during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Stock Performance

Shares of HubSpot stock traded up $6.32 on Tuesday, hitting $561.90. 191,099 shares of the company traded hands, compared to its average volume of 673,780. The stock has a market capitalization of $29.63 billion, a P/E ratio of -1,248.66, a price-to-earnings-growth ratio of 20.38 and a beta of 1.66. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The business has a 50-day simple moving average of $596.88 and a 200 day simple moving average of $641.95.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00. Following the sale, the director owned 523,984 shares in the company, valued at approximately $287,158,951.52. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was 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 owned 41,086 shares in the company, valued at $22,670,843.94. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,678 shares of company stock worth $11,298,621. Insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HUBS. Raymond James Financial reissued an "outperform" rating and issued a $825.00 price objective (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. Truist Financial dropped their price objective 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. Cantor Fitzgerald began coverage on shares of HubSpot in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price objective on the stock. Citigroup raised their price objective on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a report on Friday, May 9th. Five 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 stock. According to data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and an average price target of $766.71.

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.