Janney Montgomery Scott LLC Decreases Stock Position in HubSpot, Inc. (NYSE:HUBS)

Janney Montgomery Scott LLC lessened its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,636 shares of the software maker's stock after selling 930 shares during the quarter. Janney Montgomery Scott LLC's holdings in HubSpot were worth $4,362,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HUBS. Elequin Capital LP purchased a new stake in HubSpot in the 4th quarter valued at about $27,000. Larson Financial Group LLC lifted its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares during the last quarter. Coppell Advisory Solutions LLC lifted 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 valued at $32,000 after acquiring an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in HubSpot by 213.3% in the fourth 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 last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in HubSpot during the 4th quarter worth $36,000. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot 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 completion of the sale, the director now directly owns 523,984 shares of the company's stock, valued at approximately $287,158,951.52. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,062 shares of company stock worth $11,011,432 in the last quarter. Company insiders own 4.50% of the company's stock.

HubSpot Price Performance

HubSpot stock traded up $2.56 during mid-day trading on Friday, reaching $550.32. The company had a trading volume of 1,008,496 shares, compared to its average volume of 626,387. The stock's 50-day simple moving average is $599.08 and its 200-day simple moving average is $651.26. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market capitalization of $29.02 billion, a P/E ratio of -1,222.94, a P/E/G ratio of 19.75 and a beta of 1.70.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research analyst reports. BNP Paribas initiated coverage on HubSpot in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 target price for the company. Stifel Nicolaus set a $750.00 price objective on shares of HubSpot in a research note on Friday, April 25th. Jefferies Financial Group reduced their target price on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Mizuho reduced their price objective on HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Piper Sandler boosted their price target on HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Five research 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 stock has a consensus rating of "Moderate Buy" and an average target price 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.