Woodline Partners LP Invests $30.01 Million in HubSpot, Inc. (NYSE:HUBS)

Woodline Partners LP purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 43,069 shares of the software maker's stock, valued at approximately $30,009,000. Woodline Partners LP owned about 0.08% of HubSpot as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of HubSpot by 213.3% during the fourth 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 during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on HUBS shares. Jefferies Financial Group reduced their price objective on HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Sanford C. Bernstein began coverage on HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 target price for the company. Raymond James reiterated an "outperform" rating and issued a $825.00 price target (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a research report on Thursday, February 13th. Finally, Oppenheimer boosted their price objective on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $767.33.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the transaction, the insider now directly owns 525,687 shares of the company's stock, valued at $283,135,018.20. This trade represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction 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 trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,062 shares of company stock worth $11,516,757 over the last ninety days. Company insiders own 4.50% of the company's stock.

HubSpot Price Performance

HUBS traded down $13.02 during trading on Monday, reaching $614.79. The company had a trading volume of 432,204 shares, compared to its average volume of 622,986. The company has a market cap of $32.42 billion, a P/E ratio of 6,831.70, a PEG 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. The business's fifty day moving average price is $590.58 and its 200 day moving average price is $673.33.

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.