TD Private Client Wealth LLC Raises Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

TD Private Client Wealth LLC increased its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 67,700.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,356 shares of the software maker's stock after acquiring an additional 1,354 shares during the period. TD Private Client Wealth LLC's holdings in HubSpot were worth $775,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HUBS. Norges Bank bought a new position in HubSpot during the fourth quarter valued at approximately $420,345,000. GAMMA Investing LLC grew its holdings in shares of HubSpot by 80,552.5% during the 1st quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after purchasing an additional 178,021 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in HubSpot in the 4th quarter worth $79,135,000. Alliancebernstein L.P. raised its position in HubSpot by 61.9% in the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock worth $199,504,000 after purchasing an additional 109,449 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after purchasing an additional 104,800 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 2,383 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 value of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the transaction, the director owned 523,984 shares in the company, valued at $287,158,951.52. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,678 shares of company stock valued at $11,298,621 over the last ninety days. 4.50% of the stock is owned by insiders.

HubSpot Trading Down 1.2%

Shares of HUBS stock traded down $6.65 on Thursday, reaching $553.90. The company's stock had a trading volume of 996,105 shares, compared to its average volume of 633,585. The stock's fifty day simple moving average is $594.78 and its 200-day simple moving average is $640.81. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market capitalization of $29.21 billion, a price-to-earnings ratio of -1,230.89, a price-to-earnings-growth ratio of 20.72 and a beta of 1.66.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HUBS shares. Stephens assumed coverage on shares of HubSpot in a report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price on the stock. Morgan Stanley raised their price target on HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. BNP Paribas assumed coverage on shares of HubSpot in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 target price on the stock. Barclays decreased their price target on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Finally, Cantor Fitzgerald began coverage on HubSpot in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and an average target price of $766.71.

HubSpot 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.