Nvwm LLC Acquires New Holdings in HubSpot, Inc. (NYSE:HUBS)

Key Points

• Nvwm LLC has invested approximately $896,000 in HubSpot, acquiring 1,569 shares of the company in the first quarter.
• Institutional investors own 90.39% of HubSpot's stock, highlighting significant institutional interest in the company.
• HubSpot's stock currently holds a consensus target price of $759.04 with 25 analysts rating it as a buy and only one as a strong buy.

Nvwm LLC bought a new stake 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 fund bought 1,569 shares of the software maker's stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Elequin Capital LP bought a new stake in HubSpot in the 4th quarter worth about $27,000. Coppell Advisory Solutions LLC lifted its position in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd grew its position in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after acquiring an additional 32 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in HubSpot in the 4th quarter worth $36,000. Finally, Colonial Trust Co SC raised its position in HubSpot by 111.1% in the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Price Performance

Shares of HUBS traded up $0.05 during midday trading on Monday, hitting $559.71. The stock had a trading volume of 405,667 shares, compared to its average volume of 687,435. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a market cap of $29.52 billion, a PE ratio of -1,243.80, a price-to-earnings-growth ratio of 20.80 and a beta of 1.66. The stock's 50 day moving average is $569.90 and its 200 day moving average is $626.14.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. This represents a 3.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the 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 transaction, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,998 shares of company stock worth $10,928,616. 4.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial decreased their target price on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup raised their price target on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Scotiabank cut their price target 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 raised their price target 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, Raymond James Financial reissued an "outperform" rating and issued a $825.00 price target (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and an average price target of $759.04.

About HubSpot

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.