XTX Topco Ltd Invests $1.26 Million in HubSpot, Inc. (NYSE:HUBS)

Key Points

• XTX Topco Ltd has invested approximately $1.26 million in HubSpot, acquiring 2,196 shares during the first quarter.
• Insider trading activity includes CEO Yamini Rangan selling 2,383 shares and CFO Kathryn Bueker selling 615 shares, both at an average price of $551.79.
• HubSpot's stock has seen varying analyst ratings, with an average price target of $759.04, indicating a strong likelihood of continued investment interest.

XTX Topco Ltd purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,196 shares of the software maker's stock, valued at approximately $1,255,000.

A number of other hedge funds have also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of HubSpot during the 1st quarter valued at $888,000. GSA Capital Partners LLP purchased a new position in shares of HubSpot during the 1st quarter valued at $1,304,000. Federated Hermes Inc. lifted its holdings in shares of HubSpot by 15.2% during the 1st quarter. Federated Hermes Inc. now owns 196,664 shares of the software maker's stock worth $112,352,000 after acquiring an additional 26,001 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of HubSpot during the 1st quarter worth $35,000. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of HubSpot by 32.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 937 shares of the software maker's stock worth $535,000 after acquiring an additional 230 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on HUBS shares. BNP Paribas started coverage on shares of HubSpot in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price target for the company. Piper Sandler boosted their price target on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Cantor Fitzgerald started coverage on shares of HubSpot in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price target for the company. Scotiabank lowered their price target on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Finally, Morgan Stanley boosted their price target on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Five equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $759.04.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total value 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 represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,998 shares of company stock worth $10,928,616. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $4.77 during midday trading on Monday, hitting $503.28. 1,038,313 shares of the company traded hands, compared to its average volume of 748,753. 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 $560.18 and a 200 day moving average price of $620.06. The firm has a market cap of $26.54 billion, a P/E ratio of -1,118.39, a P/E/G ratio of 18.13 and a beta of 1.66.

HubSpot 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.