WBI Investments LLC Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

WBI Investments LLC bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,948 shares of the software maker's stock, valued at approximately $1,357,000.

Other institutional investors also recently modified their holdings of the company. Twinbeech Capital LP acquired a new position in shares of HubSpot in the 4th quarter valued at about $7,850,000. Two Sigma Advisers LP boosted its position in shares of HubSpot by 79.3% during the 4th quarter. Two Sigma Advisers LP now owns 130,700 shares of the software maker's stock valued at $91,068,000 after purchasing an additional 57,800 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of HubSpot by 156.1% during the 4th quarter. Two Sigma Investments LP now owns 143,217 shares of the software maker's stock valued at $99,789,000 after purchasing an additional 87,298 shares in the last quarter. Tybourne Capital Management HK Ltd. bought a new stake in shares of HubSpot during the 4th quarter valued at about $2,275,000. Finally, Tidal Investments LLC boosted its position in shares of HubSpot by 32.8% during the 4th quarter. Tidal Investments LLC now owns 4,007 shares of the software maker's stock valued at $2,792,000 after purchasing an additional 990 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Price Performance

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HUBS shares. Barclays cut their target price on HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Mizuho dropped their target price 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. William Blair reiterated an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Canaccord Genuity Group boosted their target price on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, UBS Group boosted their target price on shares of HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $767.33.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock worth $11,516,757 over the last quarter. Insiders own 4.50% of the company's stock.

HubSpot Company 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.