Siemens Fonds Invest GmbH lifted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 514.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in HubSpot during the 4th quarter worth $420,345,000. Raymond James Financial Inc. purchased a new position in HubSpot during the 4th quarter worth $157,019,000. Wealthfront Advisers LLC grew its stake in HubSpot by 3,090.2% during the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock worth $93,049,000 after buying an additional 129,357 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in HubSpot during the 4th quarter worth $79,135,000. Finally, Alliancebernstein L.P. grew its stake in HubSpot by 61.9% during the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock worth $199,504,000 after buying an additional 109,449 shares during the last quarter. 90.39% of the stock is owned by institutional investors.
Insider Activity
In related news, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated 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 directly owns 525,687 shares of the company's stock, valued at $283,135,018.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock valued at $11,516,757 in the last quarter. 4.50% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on HUBS. William Blair restated an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. Needham & Company LLC restated a "buy" rating and set a $900.00 target price on shares of HubSpot in a research note on Friday, May 9th. Piper Sandler boosted their target price on HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. The Goldman Sachs Group dropped their target price on HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Stephens started coverage on HubSpot in a research note on Wednesday, March 19th. They set an "overweight" rating and a $769.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $767.33.
Check Out Our Latest Report on HUBS
HubSpot Stock Down 6.6%
Shares of HUBS stock traded down $40.41 on Thursday, hitting $576.51. The company had a trading volume of 1,285,808 shares, compared to its average volume of 619,238. The firm has a market cap of $30.40 billion, a P/E ratio of 6,406.38, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The company has a 50-day moving average price of $590.41 and a 200-day moving average price of $671.54. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.
HubSpot Profile
(
Free Report)
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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