Twinbeech Capital LP Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

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

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after buying an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after buying an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in shares of HubSpot in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BNP Paribas began coverage on HubSpot in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price target for the company. Barclays dropped their price objective on HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Piper Sandler lifted their price objective on HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lifted their price objective on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, UBS Group lifted their price objective on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, HubSpot has an average rating of "Moderate Buy" and a consensus target price of $767.33.

HubSpot Stock Performance

HubSpot stock opened at $647.44 on Tuesday. The stock's 50 day moving average price is $588.90 and its 200 day moving average price is $672.51. The firm has a market capitalization of $34.08 billion, a PE ratio of 7,194.58, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 71,693 shares of the company's stock, valued at $43,015,800. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,062 shares of company stock valued at $11,516,757. Corporate insiders own 4.50% of the company's stock.

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.

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