Jefferies Financial Group Inc. Has $5.23 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Jefferies Financial Group Inc. decreased its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,500 shares of the software maker's stock after selling 75,508 shares during the quarter. Jefferies Financial Group Inc.'s holdings in HubSpot were worth $5,226,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after purchasing an additional 74,990 shares during the period. Geode Capital Management LLC increased its position in shares of HubSpot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after buying an additional 9,922 shares in the last quarter. Groupama Asset Managment increased its position in shares of HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after buying an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock valued at $471,068,000 after buying an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after buying an additional 24,799 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Piper Sandler upped their price objective on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Stephens initiated coverage on HubSpot in a report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and set a $900.00 target price on shares of HubSpot in a report on Friday, May 9th. Raymond James reiterated an "outperform" rating and set a $825.00 target price (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. Finally, Royal Bank of Canada increased their target price on HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Four 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $767.33.

Insider Activity

In related news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. This trade represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,062 shares of company stock worth $11,516,757. Corporate insiders own 4.50% of the company's stock.

HubSpot Trading Down 6.6%

HUBS stock traded down $40.41 during mid-day trading on Thursday, hitting $576.51. 1,285,808 shares of the company were exchanged, compared to its average volume of 619,238. The business has a 50 day simple moving average of $591.41 and a 200-day simple moving average of $672.26. The stock has a market capitalization of $30.40 billion, a PE ratio of 6,406.38, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

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.