MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 21,725 Shares of HubSpot, Inc. (NYSE:HUBS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 303.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,891 shares of the software maker's stock after purchasing an additional 21,725 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of HubSpot worth $20,131,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC increased its holdings in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% in the fourth 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 during the last quarter. Coppell Advisory Solutions LLC increased its stake in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in 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 in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot during the fourth quarter worth $35,000. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

Shares of HUBS stock traded down $5.95 on Tuesday, reaching $642.08. 109,071 shares of the company were exchanged, compared to its average volume of 640,094. The company has a 50-day moving average of $588.90 and a 200-day moving average of $672.51. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 7,135.03, a PEG ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HUBS shares. Sanford C. Bernstein assumed coverage on HubSpot in a research note on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price target on the stock. Redburn Atlantic started coverage on HubSpot in a research report on Wednesday, February 19th. They issued a "buy" rating on the stock. Royal Bank of Canada increased their target price on shares of HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Morgan Stanley raised their price target on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Truist Financial lowered their price objective on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $767.33.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, the insider now owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. This 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. 4.50% of the stock is currently owned by corporate insiders.

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.