OP Asset Management Ltd acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) during the first quarter, HoldingsChannel reports. The fund acquired 6,693 shares of the software maker’s stock, valued at approximately $1,634,000.
A number of other hedge funds also recently bought and sold shares of HUBS. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot during the 3rd quarter valued at $25,000. Strategic Advocates LLC bought a new position in shares of HubSpot during the third quarter valued at about $25,000. Rakuten Securities Inc. increased its holdings in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after buying an additional 47 shares during the period. Cary Street Partners Investment Advisory LLC bought a new stake in shares of HubSpot in the 4th quarter valued at about $33,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of HubSpot in the 2nd quarter valued at about $34,000. Institutional investors own 90.39% of the company’s stock.
HubSpot Price Performance
Shares of NYSE:HUBS opened at $184.63 on Monday. HubSpot, Inc. has a 1 year low of $169.63 and a 1 year high of $568.16. The company has a market cap of $9.46 billion, a PE ratio of 96.66, a P/E/G ratio of 2.03 and a beta of 1.22. The stock’s 50-day moving average is $205.60 and its 200 day moving average is $263.59.
Insider Buying and Selling
In related news, CTO Dharmesh Shah acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $181.37 per share, for a total transaction of $1,813,700.00. Following the acquisition, the chief technology officer owned 1,295,400 shares of the company’s stock, valued at $234,946,698. This trade represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Erika Ashley Fisher sold 915 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $236.66, for a total transaction of $216,543.90. Following the completion of the transaction, the insider directly owned 16,270 shares of the company’s stock, valued at approximately $3,850,458.20. The trade was a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have bought 14,063 shares of company stock valued at $2,585,781 and have sold 26,207 shares valued at $5,567,244. Insiders own 3.70% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on HUBS shares. Weiss Ratings restated a “sell (d)” rating on shares of HubSpot in a research report on Wednesday. Wall Street Zen upgraded HubSpot from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Truist Financial dropped their price objective on HubSpot from $300.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company cut their target price on shares of HubSpot from $350.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Royal Bank Of Canada decreased their target price on shares of HubSpot from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Twenty-one analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $311.00.
Get Our Latest Stock Analysis on HubSpot
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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