Sivia Capital Partners LLC Takes $228,000 Position in HubSpot, Inc. (NYSE:HUBS)

Sivia Capital Partners LLC purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 399 shares of the software maker’s stock, valued at approximately $228,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in HubSpot in the fourth quarter worth approximately $420,345,000. Raymond James Financial Inc. purchased a new position in shares of HubSpot in the 4th quarter worth $157,019,000. GAMMA Investing LLC boosted its stake in shares of HubSpot by 80,552.5% in the 1st quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker’s stock worth $1,018,280,000 after buying an additional 178,021 shares during the last quarter. Wealthfront Advisers LLC boosted its position in HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after purchasing an additional 129,357 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in HubSpot in the fourth quarter worth about $79,135,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,062 shares of company stock worth $11,516,757. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Up 1.1%

Shares of HUBS stock opened at $608.96 on Monday. The stock has a market cap of $32.12 billion, a P/E ratio of 6,766.96, a PEG ratio of 41.44 and a beta of 1.70. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company’s fifty day simple moving average is $591.03 and its two-hundred day simple moving average is $667.32.

Analysts Set New Price Targets

Several brokerages have issued reports on HUBS. Mizuho dropped their target price on HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Citigroup raised their price objective on shares of HubSpot from $750.00 to $759.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Barclays dropped their price target on shares of HubSpot from $815.00 to $745.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Royal Bank of Canada lifted their price target on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $767.61.

HubSpot Company 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.