New England Research & Management Inc. Acquires New Stake in HubSpot, Inc. (NYSE:HUBS)

New England Research & Management Inc. acquired a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 560 shares of the software maker's stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HUBS. Elequin Capital LP bought a new position in HubSpot in the fourth quarter worth $27,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after acquiring an additional 27 shares during the period. Coppell Advisory Solutions LLC boosted its position in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its position in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after acquiring an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot in the fourth quarter valued at about $35,000. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

HUBS has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on HubSpot in a report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price objective on the stock. Redburn Atlantic assumed coverage on HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Citigroup lifted their price objective on HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Barclays dropped their target price on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Four analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $766.71.

HubSpot Stock Performance

HUBS traded down $17.14 during trading on Friday, reaching $552.68. 805,780 shares of the company's stock were exchanged, compared to its average volume of 620,381. The company's fifty day moving average price is $596.64 and its 200-day moving average price is $662.79. The firm has a market capitalization of $29.15 billion, a PE ratio of 6,141.57, a P/E/G ratio of 41.44 and a beta of 1.70. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

Insider Activity at HubSpot

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

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.