521 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP acquired 521 shares of HubSpot, Inc., valued at approximately $298,000, during the first quarter, according to SEC filings.
• Analysts have varied opinions on HubSpot, with Piper Sandler raising the target price to $645, while Oppenheimer increased it to $750, reflecting a generally positive outlook.
• Insiders including Director Brian Halligan sold significant share amounts, with Halligan's transactions totaling over $4.6 million, indicating mixed signals about management's confidence in the company's future performance.

Stevens Capital Management LP purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 521 shares of the software maker's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Elequin Capital LP bought a new stake in shares of HubSpot in the 4th quarter valued at approximately $27,000. Coppell Advisory Solutions LLC grew its holdings in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after purchasing an additional 32 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in HubSpot during the fourth quarter valued at approximately $36,000. Finally, Colonial Trust Co SC grew its holdings in HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after purchasing an additional 30 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total value of $4,616,095.00. Following the completion of the sale, the director directly owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,998 shares of company stock valued at $10,928,616. 4.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Truist Financial cut their price target on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research report on Friday, May 9th. Oppenheimer upped their price target on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Citigroup increased their target price on HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Cantor Fitzgerald started coverage on HubSpot in a report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price on the stock. Five investment 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 stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus price target of $759.04.

HubSpot Stock Performance

HubSpot stock traded down $1.60 during trading hours on Wednesday, reaching $546.73. 142,777 shares of the company's stock traded hands, compared to its average volume of 683,338. The firm's 50 day moving average is $566.27 and its 200-day moving average is $624.60. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of -1,213.33, a PEG ratio of 20.32 and a beta of 1.66.

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.