Nicholas Investment Partners LP Raises Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Nicholas Investment Partners LP lifted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 108.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,635 shares of the software maker's stock after acquiring an additional 851 shares during the period. Nicholas Investment Partners LP's holdings in HubSpot were worth $1,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after purchasing an additional 13 shares in the last quarter. Wedbush Securities Inc. lifted its position in HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after purchasing an additional 13 shares during the last quarter. First Horizon Advisors Inc. grew its stake in HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after buying an additional 15 shares in the last quarter. Amalgamated Bank increased its holdings in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after buying an additional 16 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after buying an additional 17 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on 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 in the company, valued at $320,283,502.84. This represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,062 shares of company stock worth $11,516,757. Insiders own 4.50% of the company's stock.

HubSpot Stock Performance

Shares of HUBS traded down $7.99 during mid-day trading on Tuesday, hitting $640.04. 122,368 shares of the company traded hands, compared to its average volume of 620,117. The stock has a market cap of $33.69 billion, a price-to-earnings ratio of 7,113.13, a P/E/G ratio of 41.44 and a beta of 1.78. The stock has a 50-day moving average price of $588.90 and a two-hundred day moving average price of $672.51. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HUBS. Stephens began coverage on HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. BNP Paribas began coverage on HubSpot in a report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price objective on the stock. StockNews.com cut HubSpot from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, William Blair reaffirmed an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Five investment 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 company's stock. According to MarketBeat.com, HubSpot presently has an average rating of "Moderate Buy" and a consensus price target of $767.33.

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.