Tybourne Capital Management HK Ltd. Invests $2.28 Million in HubSpot, Inc. (NYSE:HUBS)

Tybourne Capital Management HK Ltd. acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,265 shares of the software maker's stock, valued at approximately $2,275,000. HubSpot comprises about 0.6% of Tybourne Capital Management HK Ltd.'s investment portfolio, making the stock its 29th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Park Avenue Securities LLC raised its position 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 buying an additional 388 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of HubSpot during the 4th quarter valued at about $603,000. Sax Wealth Advisors LLC raised its position 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 buying an additional 241 shares in the last quarter. Jackson Square Capital LLC purchased a new stake in shares of HubSpot during the 4th quarter valued at about $2,844,000. Finally, Smith Salley Wealth Management purchased a new stake in shares of HubSpot during the 4th quarter valued at about $348,000. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

NYSE HUBS traded down $13.02 on Friday, hitting $614.79. The stock had a trading volume of 432,204 shares, compared to its average volume of 622,781. The business's fifty day moving average price is $590.58 and its 200 day moving average price is $672.61. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock has a market cap of $32.42 billion, a price-to-earnings ratio of 6,831.70, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 680 shares of HubSpot 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 transaction, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot 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 transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,062 shares of company stock valued at $11,516,757. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HUBS shares. William Blair reissued an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Stephens started coverage on shares of HubSpot in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price objective on the stock. Citigroup increased their price objective on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Mizuho reduced their price objective on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $767.33.

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.