Siemens Fonds Invest GmbH Has $2.19 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Siemens Fonds Invest GmbH raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 514.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,148 shares of the software maker's stock after acquiring an additional 2,636 shares during the period. Siemens Fonds Invest GmbH's holdings in HubSpot were worth $2,193,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of HubSpot in the 4th quarter worth $219,000. Menard Financial Group LLC acquired a new position in HubSpot in the 4th quarter valued at approximately $404,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in HubSpot in the 4th quarter valued at approximately $32,682,000. American Trust acquired a new position in HubSpot in the 4th quarter valued at approximately $216,000. Finally, Mackenzie Financial Corp grew its position in HubSpot by 15.8% in the fourth quarter. Mackenzie Financial Corp now owns 2,830 shares of the software maker's stock worth $1,972,000 after acquiring an additional 386 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HUBS. Macquarie started coverage on shares of HubSpot in a research report on Monday, March 24th. They issued an "outperform" rating and a $730.00 target price for the company. Jefferies Financial Group reduced their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. KeyCorp upgraded shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a research note on Thursday, February 13th. Sanford C. Bernstein started coverage on shares of HubSpot in a research note on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price objective for the company. Finally, Oppenheimer increased their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $767.33.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on 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 sale, the insider now owns 525,687 shares of the company's stock, valued at $283,135,018.20. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,062 shares of company stock worth $11,516,757. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Up 2.0%

NYSE HUBS traded up $11.68 during trading on Friday, reaching $589.93. 1,416,230 shares of the stock traded hands, compared to its average volume of 615,967. The firm has a market cap of $31.11 billion, a price-to-earnings ratio of 6,555.51, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The stock's 50-day moving average price is $589.71 and its 200 day moving average price is $670.38. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

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.