Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,523 shares of the software maker’s stock, valued at approximately $2,813,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in HUBS. Empowered Funds LLC increased its holdings in HubSpot by 88.5% in the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after acquiring an additional 737 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of HubSpot by 12.1% during the 2nd quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock valued at $2,665,000 after purchasing an additional 516 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of HubSpot by 4.7% in the second quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock worth $13,222,000 after purchasing an additional 1,077 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of HubSpot in the second quarter worth $34,000. Finally, Alliancebernstein L.P. raised its position in shares of HubSpot by 35.0% in the second quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock worth $209,335,000 after buying an additional 97,469 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.
HubSpot Trading Up 0.0%
Shares of NYSE HUBS opened at $224.68 on Friday. The firm has a fifty day simple moving average of $198.51 and a two-hundred day simple moving average of $245.08. HubSpot, Inc. has a 12 month low of $169.63 and a 12 month high of $568.16. The firm has a market capitalization of $11.51 billion, a PE ratio of 117.63, a price-to-earnings-growth ratio of 2.45 and a beta of 1.22.
Wall Street Analyst Weigh In
Several equities analysts recently commented on HUBS shares. Royal Bank Of Canada reduced their target price on HubSpot from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Citigroup downgraded HubSpot from a “buy” rating to a “neutral” rating and dropped their price target for the company from $321.00 to $230.00 in a research report on Friday, May 8th. Truist Financial cut their price objective on HubSpot from $300.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 8th. Morgan Stanley decreased their price objective on shares of HubSpot from $405.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $275.00 target price on shares of HubSpot in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $311.00.
Get Our Latest Stock Report on HubSpot
Insider Buying and Selling at HubSpot
In other news, CEO Yamini Rangan bought 2,750 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $189.84 per share, with a total value of $522,060.00. Following the transaction, the chief executive officer owned 102,982 shares of the company’s stock, valued at approximately $19,550,102.88. The trade was a 2.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Dharmesh Shah bought 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $181.37 per share, with a total value of $1,813,700.00. Following the purchase, the chief technology officer owned 1,295,400 shares in the company, valued at $234,946,698. This trade represents a 0.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 14,063 shares of company stock worth $2,585,781 and sold 26,207 shares worth $5,567,244. Insiders own 3.70% of the company’s stock.
HubSpot Profile
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
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