Tairen Capital Ltd Trims Stock Position in HubSpot, Inc. (NYSE:HUBS)

Tairen Capital Ltd trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 62.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 750 shares of the software maker's stock after selling 1,250 shares during the period. Tairen Capital Ltd's holdings in HubSpot were worth $523,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of HubSpot during the 4th quarter worth $1,361,000. Oak Harvest Investment Services acquired a new position in HubSpot in the 4th quarter worth about $2,065,000. Donoghue Forlines LLC bought a new position in HubSpot in the 4th quarter valued at approximately $2,049,000. Mayflower Financial Advisors LLC bought a new position in shares of HubSpot during the fourth quarter valued at $862,000. Finally, Legato Capital Management LLC acquired a new position in HubSpot during the 4th quarter worth about $1,951,000. 90.39% of the stock is owned by institutional investors.

HubSpot Price Performance

Shares of HubSpot stock traded up $4.78 on Thursday, reaching $626.03. 571,501 shares of the company traded hands, compared to its average volume of 624,463. The company has a 50 day moving average of $589.97 and a 200 day moving average of $671.94. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The firm has a market capitalization of $33.02 billion, a PE ratio of 6,956.66, a PEG ratio of 41.44 and a beta of 1.78.

Analysts Set New Price Targets

A number of analysts have commented on HUBS shares. Needham & Company LLC reaffirmed a "buy" rating and set a $900.00 price target on shares of HubSpot in a research report on Friday, May 9th. UBS Group raised their price target on shares of HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Mizuho decreased their price target on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Barclays cut their price objective on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, Scotiabank decreased their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. Four equities research 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's stock. According to data from MarketBeat, the stock currently 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 HubSpot stock in a transaction on 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 in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the sale, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,062 shares of company stock worth $11,516,757. Company insiders own 4.50% of the company's stock.

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.