Menard Financial Group LLC Purchases Shares of 580 HubSpot, Inc. (NYSE:HUBS)

Menard Financial Group LLC bought a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 580 shares of the software maker's stock, valued at approximately $404,000.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of HubSpot by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock worth $1,029,262,000 after acquiring an additional 74,990 shares in the last quarter. Geode Capital Management LLC increased its stake in HubSpot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after acquiring an additional 9,922 shares during the period. Groupama Asset Managment boosted its position in shares of HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after acquiring an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 purchasing an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock worth $469,987,000 after purchasing an additional 24,799 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock valued at $11,516,757 over the last quarter. Corporate insiders own 4.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on HUBS. Wells Fargo & Company lowered their price target on HubSpot from $940.00 to $700.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Truist Financial cut their target price on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley raised their price target on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Macquarie assumed coverage on shares of HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 price objective on the stock. Finally, William Blair restated an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $767.33.

HubSpot Trading Up 2.0%

NYSE:HUBS traded up $11.68 during midday trading on Friday, hitting $589.93. 1,416,220 shares of the stock were exchanged, compared to its average volume of 622,413. The business has a 50-day moving average price of $590.41 and a two-hundred day moving average price of $671.54. The company has a market capitalization of $31.11 billion, a price-to-earnings ratio of 6,555.51, a P/E/G ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

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.