HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Vestcor Inc

Key Points

• Vestcor Inc increased its holdings in HubSpot, Inc. by 14.8% during Q1, acquiring an additional 502 shares, bringing its total to 3,884 shares, valued at $2.22 million.
• In recent insider transactions, CFO Kathryn Bueker sold 615 shares for approximately $339,350, and Director Brian Halligan sold 8,500 shares for about $4.62 million.
• Several analysts have revised their price targets on HubSpot, with Barclays lowering it from $745 to $675, while Morgan Stanley increased theirs from $659 to $752.

Vestcor Inc lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 14.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,884 shares of the software maker's stock after purchasing an additional 502 shares during the quarter. Vestcor Inc's holdings in HubSpot were worth $2,219,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Elequin Capital LP bought a new stake in shares of HubSpot in the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC grew its position in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd grew its position in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after purchasing an additional 32 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after acquiring an additional 30 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

HubSpot stock traded down $21.32 during mid-day trading on Friday, reaching $498.33. 679,039 shares of the company traded hands, compared to its average volume of 714,794. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company has a market capitalization of $26.28 billion, a price-to-earnings ratio of -1,107.40, a price-to-earnings-growth ratio of 18.13 and a beta of 1.67. The firm's fifty day moving average is $560.18 and its two-hundred day moving average is $620.75.

Analysts Set New Price Targets

A number of research firms have issued reports on HUBS. Stifel Nicolaus decreased their price objective on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Truist Financial dropped their target price on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley increased their price objective on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Citigroup increased their price objective on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Five investment 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 company's stock. According to data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and an average target price of $759.04.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the sale, the director owned 522,435 shares in the company, valued at approximately $283,718,775.45. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer owned 63,918 shares in the company, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,998 shares of company stock worth $10,928,616. 4.50% of the stock is 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.