11,266 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,266 shares of the software maker's stock, valued at approximately $7,850,000.

Several other hedge funds have also added to or reduced their stakes in HUBS. Norges Bank bought a new stake in HubSpot in the fourth quarter worth about $420,345,000. Raymond James Financial Inc. bought a new stake in HubSpot in the fourth quarter worth about $157,019,000. Wealthfront Advisers LLC increased its stake in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock worth $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of HubSpot in the fourth quarter worth about $79,135,000. Finally, Alliancebernstein L.P. increased its stake in shares of HubSpot by 61.9% in the fourth 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 in the last quarter. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HUBS. Morgan Stanley lifted their target price on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Scotiabank reduced their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Mizuho reduced their target price 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. Canaccord Genuity Group lifted their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company reduced their target price on shares of HubSpot from $940.00 to $700.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $767.33.

Insider Activity

In other news, CEO Yamini Rangan sold 680 shares of HubSpot 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 owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,062 shares of company stock valued at $11,516,757 in the last 90 days. 4.50% of the stock is currently owned by insiders.

HubSpot Trading Down 2.1%

Shares of HUBS traded down $13.02 during mid-day trading on Friday, reaching $614.79. The company's stock had a trading volume of 432,204 shares, compared to its average volume of 622,986. The company's fifty day moving average price is $590.58 and its two-hundred day moving average price is $673.13. The stock has a market cap of $32.42 billion, a PE ratio of 6,831.70, a P/E/G ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

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.