Y Intercept Hong Kong Ltd Acquires 5,478 Shares of HubSpot, Inc. (NYSE:HUBS)

Y Intercept Hong Kong Ltd grew its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 100.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,952 shares of the software maker's stock after purchasing an additional 5,478 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in HubSpot were worth $6,257,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HUBS. 1776 Wealth LLC raised its holdings in shares of HubSpot by 368.0% in the first quarter. 1776 Wealth LLC now owns 1,872 shares of the software maker's stock valued at $1,069,000 after purchasing an additional 1,472 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of HubSpot by 203.8% in the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock valued at $45,000 after acquiring an additional 53 shares during the period. Allianz Asset Management GmbH boosted its position in shares of HubSpot by 224.4% in the first quarter. Allianz Asset Management GmbH now owns 38,212 shares of the software maker's stock valued at $21,857,000 after acquiring an additional 26,432 shares during the period. Wealth Alliance LLC lifted its position in HubSpot by 9.5% during the first quarter. Wealth Alliance LLC now owns 402 shares of the software maker's stock worth $230,000 after purchasing an additional 35 shares during the period. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in HubSpot during the first quarter worth about $4,456,000. Institutional investors own 90.39% of the company's stock.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares in the company, valued at $22,670,843.94. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the transaction, the director owned 522,435 shares in the company, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,998 shares of company stock valued at $10,928,616. Insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

HUBS has been the subject of several research analyst reports. UBS Group boosted their target price on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Morgan Stanley upped their target price on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a report on Friday, May 9th. BMO Capital Markets cut their price target on HubSpot from $735.00 to $650.00 and set an "outperform" rating on the stock in a report on Friday, July 18th. The Goldman Sachs Group lowered their price target on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Wells Fargo & Company decreased their target price on HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Four research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot Price Performance

HubSpot stock traded up $7.35 during midday trading on Friday, reaching $559.51. The stock had a trading volume of 283,406 shares, compared to its average volume of 687,090. The firm's fifty day simple moving average is $571.91 and its two-hundred day simple moving average is $628.25. The firm has a market cap of $29.51 billion, a price-to-earnings ratio of -1,242.60, a PEG ratio of 20.85 and a beta of 1.66. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

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.