Mediolanum International Funds Ltd Buys Shares of 1,287 HubSpot, Inc. (NYSE:HUBS)

Key Points

• Mediolanum International Funds Ltd has invested approximately $749,000 by acquiring 1,287 shares of HubSpot, Inc. during the first quarter of the year.
• Wall Street analysts generally maintain a positive outlook on HubSpot, with an average price target of $759.04 and a majority rating of "Moderate Buy."
• HubSpot's stock experienced a 2.1% decline, trading at $547.72, with the company demonstrating significant market capitalization at $28.89 billion.

Mediolanum International Funds Ltd bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,287 shares of the software maker's stock, valued at approximately $749,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HUBS. Morgan Stanley increased their price objective on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Stifel Nicolaus reduced their price target on HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday, July 14th. The Goldman Sachs Group decreased their price target on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Scotiabank dropped their price objective on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Barclays cut their price objective on HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Five research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and an average price target of $759.04.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total value of $4,616,095.00. Following the completion of the sale, the director directly owned 522,435 shares in the company, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Performance

NYSE:HUBS traded down $20.93 during mid-day trading on Friday, reaching $498.72. 251,551 shares of the company's stock were exchanged, compared to its average volume of 685,620. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business's fifty day simple moving average is $562.51 and its two-hundred day simple moving average is $622.76. The firm has a market capitalization of $26.30 billion, a PE ratio of -1,108.47, a price-to-earnings-growth ratio of 19.58 and a beta of 1.66.

HubSpot Company 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.