Legato Capital Management LLC Takes $1.95 Million Position in HubSpot, Inc. (NYSE:HUBS)

Legato Capital Management LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,800 shares of the software maker’s stock, valued at approximately $1,951,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its position in HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after acquiring an additional 480,796 shares during the period. International Assets Investment Management LLC lifted its position in shares of HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after purchasing an additional 126,462 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after purchasing an additional 86,688 shares during the period. TimesSquare Capital Management LLC grew its position in HubSpot by 49.5% during the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock valued at $110,489,000 after purchasing an additional 68,827 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in HubSpot by 191.6% in the 3rd quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock valued at $38,754,000 after buying an additional 47,900 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research reports. Citigroup lifted their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a report on Thursday, November 7th. Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $747.92.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now directly owns 513,698 shares in the company, valued at $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is owned by company insiders.

HubSpot Trading Down 2.6 %

Shares of HUBS stock opened at $784.27 on Wednesday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $811.79. The stock has a 50 day moving average of $730.62 and a 200-day moving average of $614.48.

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.