HighVista Strategies LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,100 shares of the software maker’s stock, valued at approximately $1,239,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Gilbert & Cook Inc. increased its position in shares of HubSpot by 60.0% in the 4th quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock valued at $1,141,000 after purchasing an additional 737 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of HubSpot by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the software maker’s stock worth $41,470,000 after purchasing an additional 631 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of HubSpot in the 4th quarter worth $200,000. PNC Financial Services Group Inc. boosted its holdings in HubSpot by 74.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in HubSpot during the fourth quarter worth $250,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
HubSpot Stock Performance
HubSpot stock opened at $526.88 on Monday. The firm has a market capitalization of $26.85 billion, a P/E ratio of -198.82, a P/E/G ratio of 3,140.82 and a beta of 1.63. The company has a 50-day simple moving average of $489.80 and a 200-day simple moving average of $565.89. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85.
Insider Buying and Selling at HubSpot
In related news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 1,135 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at $26,507,052. The disclosure for this sale can be found here. Insiders have sold 38,012 shares of company stock valued at $21,300,253 in the last quarter. Corporate insiders own 4.50% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on HUBS shares. Bank of America dropped their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup decreased their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Oppenheimer reaffirmed an “outperform” rating and set a $625.00 price target on shares of HubSpot in a research note on Thursday. Raymond James reduced their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $570.00 price target on shares of HubSpot in a research note on Thursday. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $610.79.
Check Out Our Latest Stock Report on HUBS
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.
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