PUREfi Wealth LLC Decreases Holdings in HubSpot, Inc. (NYSE:HUBS)

PUREfi Wealth LLC trimmed its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 64.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 365 shares of the software maker's stock after selling 650 shares during the quarter. PUREfi Wealth LLC's holdings in HubSpot were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HUBS. Wellington Management Group LLP grew its position in HubSpot by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock worth $1,029,262,000 after acquiring an additional 74,990 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of HubSpot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock worth $577,572,000 after purchasing an additional 9,922 shares during the last quarter. Groupama Asset Managment grew its holdings in shares of HubSpot by 3.8% in the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock worth $506,412,000 after purchasing an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after buying an additional 104,800 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after buying an additional 24,799 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target 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. Redburn Atlantic assumed coverage on shares of HubSpot in a report on Wednesday, February 19th. They set a "buy" rating for the company. Mizuho reduced their price target on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. BNP Paribas assumed coverage on HubSpot in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price target for the company. Finally, Piper Sandler lifted their price objective on HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and an average target price of $766.71.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the transaction, the insider now directly owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 680 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,562 shares of company stock valued at $6,353,177 in the last 90 days. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Performance

HUBS stock opened at $554.57 on Wednesday. The firm has a 50 day moving average price of $598.03 and a 200-day moving average price of $660.02. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The firm has a market capitalization of $29.25 billion, a price-to-earnings ratio of -1,232.38, a PEG ratio of 19.97 and a beta of 1.70.

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.

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