Oak Thistle LLC Invests $1.41 Million in HubSpot, Inc. (NYSE:HUBS)

Oak Thistle LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,472 shares of the software maker's stock, valued at approximately $1,412,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Highview Capital Management LLC DE boosted its position in HubSpot by 4.5% during the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock valued at $2,098,000 after purchasing an additional 129 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $318,000. Quantbot Technologies LP acquired a new position in shares of HubSpot in the fourth quarter valued at about $359,000. LPL Financial LLC increased its stake in HubSpot by 5.2% during the 4th quarter. LPL Financial LLC now owns 31,805 shares of the software maker's stock worth $22,161,000 after acquiring an additional 1,576 shares during the period. Finally, Prudential Financial Inc. increased its stake in HubSpot by 318.8% during the 4th quarter. Prudential Financial Inc. now owns 11,204 shares of the software maker's stock worth $7,807,000 after acquiring an additional 8,529 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. This trade represents a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Up 1.4%

Shares of HUBS stock traded up $7.65 during mid-day trading on Friday, hitting $559.81. 601,522 shares of the stock were exchanged, compared to its average volume of 735,680. The firm has a fifty day moving average of $569.90 and a 200 day moving average of $626.72. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market cap of $29.52 billion, a PE ratio of -1,244.03, a price-to-earnings-growth ratio of 20.80 and a beta of 1.66.

Analyst Upgrades and Downgrades

A number of research firms have commented on HUBS. Scotiabank reduced their price target on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. BNP Paribas initiated coverage on shares of HubSpot in a report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price target for the company. Morgan Stanley upped their target price on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research report on Friday, May 9th. Finally, Wall Street Zen downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a research report on Saturday. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and an average price target of $759.04.

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.