Slow Capital Inc. Purchases 5,815 Shares of HubSpot, Inc. (NYSE:HUBS)

Slow Capital Inc. lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 95.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,893 shares of the software maker's stock after acquiring an additional 5,815 shares during the period. HubSpot makes up approximately 0.9% of Slow Capital Inc.'s portfolio, making the stock its 26th biggest position. Slow Capital Inc.'s holdings in HubSpot were worth $6,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Private Trust Co. NA increased its position in HubSpot by 481.5% in the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after buying an additional 130 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of HubSpot by 4.6% during the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after acquiring an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of HubSpot by 1,840.0% during the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock worth $55,000 after purchasing an additional 92 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of HubSpot during the first quarter worth approximately $235,000. Finally, Amalgamated Bank lifted its holdings in shares of HubSpot by 6.9% in the 1st quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after purchasing an additional 226 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Trading Up 2.8%

Shares of NYSE HUBS traded up $14.68 during midday trading on Monday, hitting $538.95. 852,390 shares of the company's stock were exchanged, compared to its average volume of 688,765. The business's fifty day moving average price is $591.09 and its two-hundred day moving average price is $637.16. The company has a market cap of $28.42 billion, a price-to-earnings ratio of -1,197.66, a PEG ratio of 19.49 and a beta of 1.66. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00. Following the transaction, the director directly owned 523,984 shares in the company, valued at approximately $287,158,951.52. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,678 shares of company stock valued at $11,298,621 in the last quarter. Insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup boosted their price target on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Raymond James Financial restated an "outperform" rating and issued a $825.00 target price (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. Stifel Nicolaus cut their price target on HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research note on Monday. Macquarie began coverage on HubSpot in a report on Monday, March 24th. They issued an "outperform" rating and a $730.00 target price on the stock. Finally, Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $764.93.

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.