Nisa Investment Advisors LLC Acquires 4,343 Shares of HubSpot, Inc. (NYSE:HUBS)

Nisa Investment Advisors LLC grew its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 133.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,603 shares of the software maker's stock after purchasing an additional 4,343 shares during the quarter. Nisa Investment Advisors LLC's holdings in HubSpot were worth $4,344,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after purchasing an additional 13 shares during the period. Wedbush Securities Inc. raised its position in shares of HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after purchasing an additional 13 shares during the last quarter. Summit Global Investments raised its position in shares of HubSpot by 1.4% during the 4th quarter. Summit Global Investments now owns 1,275 shares of the software maker's stock worth $889,000 after purchasing an additional 17 shares during the last quarter. WCM Investment Management LLC grew its stake in HubSpot by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after acquiring an additional 17 shares during the period. Finally, Erste Asset Management GmbH grew its stake in HubSpot by 0.6% in the 4th quarter. Erste Asset Management GmbH now owns 3,299 shares of the software maker's stock worth $2,336,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial lowered their target price on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday. Scotiabank cut their price objective on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Oppenheimer boosted their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, Cantor Fitzgerald began coverage on shares of HubSpot in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $766.71.

HubSpot Trading Down 5.4%

HUBS stock traded down $30.01 during trading on Friday, reaching $523.76. 1,233,981 shares of the stock were exchanged, compared to its average volume of 609,768. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a market capitalization of $27.62 billion, a P/E ratio of -1,163.91, a price-to-earnings-growth ratio of 19.48 and a beta of 1.66. The stock has a 50 day simple moving average of $591.09 and a 200-day simple moving average of $637.76.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the sale, the chief financial officer directly owned 41,086 shares of the company's stock, valued at $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total value of $4,658,255.00. Following the sale, the director directly owned 523,984 shares in the company, valued at approximately $287,158,951.52. This trade 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 20,678 shares of company stock valued at $11,298,621 over the last three months. 4.50% of the stock is owned by corporate insiders.

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.