Tidal Investments LLC Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Tidal Investments LLC increased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 32.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,007 shares of the software maker's stock after buying an additional 990 shares during the period. Tidal Investments LLC's holdings in HubSpot were worth $2,792,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HUBS. Larson Financial Group LLC boosted its holdings in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares during the period. Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after buying an additional 22 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after buying an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new stake in HubSpot in the 4th quarter worth $35,000. Institutional investors own 90.39% of the company's stock.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 680 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at $43,015,800. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,062 shares of company stock worth $11,516,757. Corporate insiders own 4.50% of the company's stock.

HubSpot Price Performance

HUBS stock traded up $8.92 during mid-day trading on Tuesday, reaching $623.84. The company had a trading volume of 68,075 shares, compared to its average volume of 620,841. The company has a market capitalization of $32.90 billion, a PE ratio of 6,927.95, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The firm has a 50 day moving average of $590.80 and a 200 day moving average of $673.04. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

Wall Street Analyst Weigh In

HUBS has been the topic of several research analyst reports. Macquarie initiated coverage on shares of HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 price target on the stock. Stifel Nicolaus set a $750.00 price target on shares of HubSpot in a research note on Friday, April 25th. Redburn Atlantic initiated coverage on shares of HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Royal Bank of Canada boosted their price target on shares of HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group decreased their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $767.33.

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.