HubSpot, Inc. (NYSE:HUBS) Stock Holdings Boosted by Rhumbline Advisers

Rhumbline Advisers grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 67,687 shares of the software maker's stock after buying an additional 583 shares during the quarter. Rhumbline Advisers owned 0.13% of HubSpot worth $38,669,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legato Capital Management LLC acquired a new stake in HubSpot in the fourth quarter valued at $1,951,000. Northern Trust Corp raised its position in shares of HubSpot by 18.0% during the 4th quarter. Northern Trust Corp now owns 345,535 shares of the software maker's stock worth $240,758,000 after acquiring an additional 52,792 shares in the last quarter. Empowered Funds LLC lifted its stake in HubSpot by 3.1% during the fourth quarter. Empowered Funds LLC now owns 833 shares of the software maker's stock worth $580,000 after purchasing an additional 25 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in HubSpot by 56.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 159,997 shares of the software maker's stock valued at $111,481,000 after purchasing an additional 57,998 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in HubSpot in the fourth quarter valued at approximately $32,682,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Trading Up 1.1%

HubSpot stock traded up $6.35 during mid-day trading on Friday, reaching $608.96. The company's stock had a trading volume of 593,435 shares, compared to its average volume of 612,971. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The business has a 50 day moving average price of $590.50 and a 200-day moving average price of $668.37. The firm has a market cap of $32.12 billion, a price-to-earnings ratio of 6,766.96, a PEG ratio of 41.44 and a beta of 1.78.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Oppenheimer upped their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. UBS Group lifted their target price on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Cantor Fitzgerald assumed coverage on HubSpot in a research report on Tuesday. They issued an "overweight" rating and a $775.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of "Moderate Buy" and a consensus target price of $767.61.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction 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 transaction, the insider now owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 680 shares of the company'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 completion of the sale, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at $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 20,062 shares of company stock worth $11,516,757 over the last ninety days. Company insiders own 4.50% of the company's stock.

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.