Los Angeles Capital Management LLC Has $6.09 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Los Angeles Capital Management LLC decreased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 38.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,659 shares of the software maker's stock after selling 6,638 shares during the period. Los Angeles Capital Management LLC's holdings in HubSpot were worth $6,089,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HUBS. Private Trust Co. NA lifted its stake in shares of HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after buying an additional 130 shares during the period. Principal Financial Group Inc. increased its position in HubSpot by 4.6% during the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock worth $16,427,000 after purchasing an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC increased its position in HubSpot by 1,840.0% during the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock worth $55,000 after purchasing an additional 92 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in HubSpot during the first quarter worth approximately $235,000. Finally, Amalgamated Bank increased its position in HubSpot by 6.9% during the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HUBS. Piper Sandler upped their price target on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. BNP Paribas began coverage on shares of HubSpot in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price target for the company. Jefferies Financial Group dropped their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets dropped their price target on shares of HubSpot from $735.00 to $650.00 and set an "outperform" rating for the company in a research report on Friday, July 18th. Finally, Truist Financial dropped their price objective on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $759.04.

HubSpot Trading Down 1.4%

NYSE HUBS traded down $8.08 during trading on Thursday, reaching $552.82. The company's stock had a trading volume of 301,598 shares, compared to its average volume of 688,097. The stock has a market capitalization of $29.16 billion, a PE ratio of -1,229.07, a PEG ratio of 20.43 and a beta of 1.66. The business has a 50-day moving average price of $574.13 and a 200-day moving average price of $629.32. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 of the company's stock, valued at $22,670,843.94. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,998 shares of company stock worth $10,928,616. 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.