Root Financial Partners LLC Invests $1.49 Million in HubSpot, Inc. (NYSE:HUBS)

Root Financial Partners LLC purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,604 shares of the software maker's stock, valued at approximately $1,488,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HUBS. Mirae Asset Global Investments Co. Ltd. lifted its position in HubSpot by 16.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,071 shares of the software maker's stock valued at $5,280,000 after purchasing an additional 1,248 shares during the period. Bartlett & CO. Wealth Management LLC increased its stake in shares of HubSpot by 247.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 153 shares of the software maker's stock valued at $87,000 after acquiring an additional 109 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of HubSpot by 11.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,615 shares of the software maker's stock valued at $6,636,000 after acquiring an additional 1,235 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in shares of HubSpot in the 1st quarter valued at about $628,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of HubSpot by 11.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 936 shares of the software maker's stock valued at $535,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HUBS. Barclays dropped their target price on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Morgan Stanley raised their target price on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. The Goldman Sachs Group dropped their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and set a $900.00 target price on shares of HubSpot in a report on Friday, May 9th. Finally, Sanford C. Bernstein began coverage on shares of HubSpot in a report on Thursday, March 20th. They set a "market perform" rating and a $693.00 target price on the stock. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $766.71.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the completion of the sale, the director owned 523,984 shares of the company's stock, valued at approximately $287,158,951.52. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer directly owned 72,373 shares of the company's stock, valued at $41,536,312.16. This represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,062 shares of company stock valued at $11,011,432 in the last ninety days. 4.50% of the stock is currently owned by insiders.

HubSpot Trading Down 0.1%

NYSE HUBS traded down $0.41 during trading on Tuesday, hitting $556.22. 365,375 shares of the company's stock were exchanged, compared to its average volume of 624,504. The company has a market cap of $29.34 billion, a PE ratio of -1,236.79, a P/E/G ratio of 20.01 and a beta of 1.70. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock's 50 day moving average price is $600.10 and its two-hundred day moving average price is $647.81.

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.