Impax Asset Management Group plc Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Impax Asset Management Group plc grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 220.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,738 shares of the software maker's stock after buying an additional 11,511 shares during the period. Impax Asset Management Group plc's holdings in HubSpot were worth $9,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after acquiring an additional 74,990 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after purchasing an additional 9,922 shares in the last quarter. Groupama Asset Managment boosted its position in shares of HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after purchasing an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 18.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after acquiring an additional 104,800 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of HubSpot during the fourth quarter valued at about $420,345,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HUBS. Cantor Fitzgerald started coverage on HubSpot in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price on the stock. BNP Paribas began coverage on HubSpot in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price target for the company. Piper Sandler increased their price target on HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Stephens started coverage on shares of HubSpot in a report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price for the company. Finally, Scotiabank lowered their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $766.71.

HubSpot Stock Down 0.3%

Shares of NYSE:HUBS traded down $1.81 on Monday, hitting $559.06. The company had a trading volume of 137,616 shares, compared to its average volume of 628,822. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The firm's 50-day simple moving average is $598.04 and its two-hundred day simple moving average is $643.09. The firm has a market capitalization of $29.48 billion, a price-to-earnings ratio of -1,241.19, a P/E/G ratio of 20.38 and a beta of 1.66.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 523,984 shares in the company, valued at $287,158,951.52. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $339,350.85. Following the completion of the transaction, the chief financial officer owned 41,086 shares of the company's stock, 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 sold 20,678 shares of company stock worth $11,298,621. 4.50% of the stock is owned by insiders.

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.