Oppenheimer Asset Management Inc. Has $1.75 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Oppenheimer Asset Management Inc. decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 24.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,065 shares of the software maker's stock after selling 1,005 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in HubSpot were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in HubSpot by 14.9% during the 1st quarter. Blue Trust Inc. now owns 693 shares of the software maker's stock valued at $396,000 after acquiring an additional 90 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of HubSpot by 25.1% during the first quarter. Farther Finance Advisors LLC now owns 319 shares of the software maker's stock worth $186,000 after purchasing an additional 64 shares during the period. Northern Trust Corp boosted its holdings in shares of HubSpot by 18.0% during the fourth quarter. Northern Trust Corp now owns 345,535 shares of the software maker's stock worth $240,758,000 after purchasing an additional 52,792 shares during the period. Sowell Financial Services LLC purchased a new position in HubSpot during the first quarter valued at approximately $226,000. Finally, Ensign Peak Advisors Inc increased its stake in HubSpot by 56.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 159,997 shares of the software maker's stock valued at $111,481,000 after buying an additional 57,998 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HUBS shares. Stephens began coverage on shares of HubSpot in a research note on Wednesday, March 19th. They set an "overweight" rating and a $769.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $900.00 price objective on shares of HubSpot in a research report on Friday, May 9th. Oppenheimer upped their target price on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. BNP Paribas initiated coverage on HubSpot in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price target for the company. Finally, Barclays lowered their price target on HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $766.71.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares of the company's stock, valued at $283,135,018.20. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock worth $11,011,432 in the last ninety days. 4.50% of the stock is currently owned by insiders.

HubSpot Stock Performance

Shares of HUBS traded up $2.56 during mid-day trading on Friday, hitting $550.32. The company's stock had a trading volume of 1,011,930 shares, compared to its average volume of 626,400. The stock's 50-day moving average is $599.08 and its two-hundred day moving average is $651.26. The firm has a market capitalization of $29.02 billion, a PE ratio of -1,222.94, a price-to-earnings-growth ratio of 19.75 and a beta of 1.70. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

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.