628 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 628 shares of the software maker’s stock, valued at approximately $359,000.

A number of other hedge funds have also made changes to their positions in HUBS. Wedbush Securities Inc. increased its position in shares of HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after purchasing an additional 13 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in HubSpot by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock worth $861,000 after purchasing an additional 16 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of HubSpot by 0.6% during the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker’s stock worth $1,553,000 after buying an additional 17 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of HubSpot by 3.0% in the first quarter. Yousif Capital Management LLC now owns 662 shares of the software maker’s stock valued at $378,000 after buying an additional 19 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of HubSpot by 3.5% in the first quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock valued at $334,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Monday, July 14th. Truist Financial lowered their target price on HubSpot from $900.00 to $720.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group dropped their price target on HubSpot from $900.00 to $795.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $900.00 price target on shares of HubSpot in a report on Friday, May 9th. Finally, Wall Street Zen downgraded HubSpot from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $759.04.

HubSpot Trading Down 4.1%

Shares of NYSE HUBS opened at $498.33 on Friday. The stock has a market capitalization of $26.28 billion, a PE ratio of -1,107.40, a PEG ratio of 18.90 and a beta of 1.67. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a fifty day simple moving average of $560.18 and a 200-day simple moving average of $621.35.

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the transaction, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,998 shares of company stock valued at $10,928,616 in the last three months. 4.50% of the stock is owned by corporate insiders.

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.