HubSpot, Inc. (NYSE:HUBS) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 239.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,147 shares of the software maker's stock after buying an additional 1,514 shares during the quarter. SG Americas Securities LLC's holdings in HubSpot were worth $1,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Elequin Capital LP purchased a new stake in shares of HubSpot during the fourth quarter worth about $27,000. Larson Financial Group LLC lifted its stake in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after buying an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after buying an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in HubSpot during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Macquarie began coverage on shares of HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 price target on the stock. Citigroup lifted their price objective on HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Truist Financial lowered their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and issued a $900.00 target price on shares of HubSpot in a report on Friday, May 9th. Finally, Barclays cut their target price 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 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $766.71.

HubSpot Trading Down 2.1%

Shares of NYSE HUBS traded down $11.65 during trading on Wednesday, reaching $543.20. The stock had a trading volume of 795,867 shares, compared to its average volume of 624,471. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The business's 50-day moving average price is $598.03 and its 200-day moving average price is $660.02.

Insider Buying and Selling at HubSpot

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

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.