1,757 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,757 shares of the software maker's stock, valued at approximately $1,224,000.

Several other institutional investors have also recently bought and sold shares of HUBS. Farther Finance Advisors LLC raised its holdings in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after purchasing an additional 13 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after purchasing an additional 15 shares during the last quarter. Amalgamated Bank raised its holdings in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after purchasing an additional 16 shares during the last quarter. Finally, Avitas Wealth Management LLC raised its holdings in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HUBS. Piper Sandler raised their price objective on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. UBS Group raised their price objective on shares of HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group decreased their price objective 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. 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 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, HubSpot currently has an average rating of "Moderate Buy" and an average price target of $767.33.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock worth $11,516,757 over the last three months. 4.50% of the stock is owned by insiders.

HubSpot Stock Performance

HubSpot stock traded up $4.78 during mid-day trading on Thursday, hitting $626.03. 571,501 shares of the company traded hands, compared to its average volume of 624,559. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The stock has a market cap of $33.02 billion, a price-to-earnings ratio of 6,956.66, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The stock has a fifty day moving average price of $589.97 and a 200-day moving average price of $671.94.

About HubSpot

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.