Maxi Investments CY Ltd Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Key Points

• Maxi Investments CY Ltd has acquired a new stake in HubSpot, Inc., investing approximately $1.28 million for 2,234 shares in the 1st quarter.
• HubSpot stock has seen action from several institutional investors, with 90.39% ownership now held by such entities, indicating strong institutional interest.
• Analyst ratings for HubSpot are largely positive, with a consensus of twenty-five buy ratings and an average price target of $759.04 per share.

Maxi Investments CY Ltd bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,234 shares of the software maker's stock, valued at approximately $1,276,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Private Trust Co. NA raised its stake in HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock worth $90,000 after purchasing an additional 130 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock worth $16,427,000 after acquiring an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of HubSpot by 1,840.0% during the 1st 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 period. Oppenheimer & Co. Inc. acquired a new stake in HubSpot in the 1st quarter valued at approximately $235,000. Finally, Amalgamated Bank increased its holdings in HubSpot by 6.9% in the 1st quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock valued at $1,991,000 after purchasing an additional 226 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research reports. Oppenheimer upped their price target on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Morgan Stanley lifted their target price on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a report on Friday, May 9th. Raymond James Financial decreased their price target on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Macquarie cut their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $729.93.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were 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 approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the sale, the director directly owned 522,435 shares in the company, valued at $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,998 shares of company stock valued at $10,928,616 over the last quarter. Insiders own 4.50% of the company's stock.

HubSpot Stock Performance

NYSE:HUBS traded down $30.44 during trading hours on Thursday, hitting $462.18. The company's stock had a trading volume of 2,779,649 shares, compared to its average volume of 803,437. HubSpot, Inc. has a 52-week low of $444.25 and a 52-week high of $881.13. The company has a market capitalization of $24.38 billion, a PE ratio of -2,009.50, a PEG ratio of 17.92 and a beta of 1.66. The business's 50-day moving average is $552.97 and its two-hundred day moving average is $616.91.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. HubSpot had a positive return on equity of 1.78% and a negative net margin of 0.42%. The company had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. During the same period in the previous year, the business earned $1.94 earnings per share. HubSpot's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.