Two Sigma Investments LP Raises Position in HubSpot, Inc. (NYSE:HUBS)

Two Sigma Investments LP raised its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 156.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,217 shares of the software maker's stock after purchasing an additional 87,298 shares during the period. Two Sigma Investments LP owned approximately 0.28% of HubSpot worth $99,789,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC grew its holdings in shares of HubSpot by 27.3% during the 4th quarter. Park Avenue Securities LLC now owns 1,811 shares of the software maker's stock valued at $1,262,000 after purchasing an additional 388 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of HubSpot during the 4th quarter valued at approximately $603,000. Sax Wealth Advisors LLC grew its holdings in shares of HubSpot by 39.1% during the 4th quarter. Sax Wealth Advisors LLC now owns 857 shares of the software maker's stock valued at $597,000 after purchasing an additional 241 shares during the last quarter. Jackson Square Capital LLC bought a new stake in shares of HubSpot during the 4th quarter valued at approximately $2,844,000. Finally, Smith Salley Wealth Management bought a new stake in shares of HubSpot during the 4th quarter valued at approximately $348,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a report on Thursday. Citigroup raised their price objective on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Scotiabank reduced their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Stephens began coverage on shares of HubSpot in a research note on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price target for the company. Finally, UBS Group increased their price objective on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $767.33.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $4.78 during midday trading on Thursday, hitting $626.03. 571,501 shares of the company's stock were exchanged, compared to its average volume of 624,559. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a 50 day moving average price of $589.97 and a 200-day moving average price of $671.94. The company has a market cap of $33.02 billion, a PE ratio of 6,956.66, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 680 shares of the company'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 completion of the sale, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock worth $11,516,757 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

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.