Princeton Capital Management LLC Takes Position in HubSpot, Inc. (NYSE:HUBS)

Princeton Capital Management LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 984 shares of the software maker's stock, valued at approximately $562,000.

Other large investors have also recently added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in HubSpot in the 4th quarter valued at $27,000. Coppell Advisory Solutions LLC lifted its holdings 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 worth $32,000 after acquiring an additional 22 shares during the period. Aster Capital Management DIFC Ltd increased 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 worth $33,000 after purchasing an additional 32 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of HubSpot during the 4th quarter worth about $36,000. Finally, Colonial Trust Co SC increased its position in shares of HubSpot by 111.1% during 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 in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on HUBS shares. Citigroup raised their price objective on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Jefferies Financial Group lowered their target price on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Piper Sandler upped their price objective on shares of HubSpot from $535.00 to $645.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Stifel Nicolaus reduced their price objective on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. Finally, Scotiabank reduced their price target on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. 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 has a consensus rating of "Moderate Buy" and an average price target of $759.04.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value 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. The trade was a 1.47% 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, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on 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 completion of the transaction, the director owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.50% of the stock is currently owned by insiders.

HubSpot Stock Performance

Shares of HUBS traded up $1.00 during trading hours on Monday, hitting $560.66. The stock had a trading volume of 115,159 shares, compared to its average volume of 685,315. The firm has a market cap of $29.57 billion, a P/E ratio of -1,247.94, a P/E/G ratio of 20.80 and a beta of 1.66. The company's fifty day simple moving average is $569.90 and its 200 day simple moving average is $626.14. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month 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.