HubSpot, Inc. (NYSE:HUBS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,980 shares of the software maker's stock after selling 2,600 shares during the period. Nuveen Asset Management LLC owned about 0.34% of HubSpot worth $121,921,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of HubSpot by 168.8% during the 4th 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 period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after purchasing an additional 19 shares during the period. Coppell Advisory Solutions LLC boosted its stake in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after purchasing an additional 22 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new stake in HubSpot in the 4th quarter valued at about $35,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Trading Down 1.0%

Shares of NYSE:HUBS traded down $6.55 on Tuesday, reaching $641.48. 546,838 shares of the company were exchanged, compared to its average volume of 621,750. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The firm has a market cap of $33.76 billion, a price-to-earnings ratio of 7,128.35, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The company has a 50-day moving average of $588.90 and a 200-day moving average of $672.51.

Analysts Set New Price Targets

HUBS has been the subject of several research reports. Piper Sandler upped their price target on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. KeyCorp raised shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price for the company in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of HubSpot from $940.00 to $700.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group increased their target price on shares of HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Barclays decreased their target price on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $767.33.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 20,062 shares of company stock valued at $11,516,757 in the last ninety days. Insiders own 4.50% of the company's stock.

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.