Zurich Insurance Group Ltd FI Purchases New Position in HubSpot, Inc. (NYSE:HUBS)

Zurich Insurance Group Ltd FI acquired a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 62,830 shares of the software maker’s stock, valued at approximately $43,778,000. Zurich Insurance Group Ltd FI owned 0.12% of HubSpot as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC raised its position in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the period. Coppell Advisory Solutions LLC raised its position in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after acquiring an additional 22 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after acquiring an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new position in shares of HubSpot in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Price Performance

NYSE:HUBS opened at $647.44 on Tuesday. The firm has a market capitalization of $34.08 billion, a price-to-earnings ratio of 7,194.58, a PEG ratio of 41.44 and a beta of 1.78. The company’s 50-day moving average is $588.90 and its two-hundred day moving average is $672.51. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. This represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,062 shares of company stock worth $11,516,757 in the last ninety days. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Barclays cut their target price on shares of HubSpot from $815.00 to $745.00 and set an “overweight” rating for the company in a research note on Friday, May 9th. Canaccord Genuity Group boosted their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Stephens assumed coverage on shares of HubSpot in a research note on Wednesday, March 19th. They set an “overweight” rating and a $769.00 target price for the company. Finally, BMO Capital Markets cut their target price on shares of HubSpot from $885.00 to $745.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $767.33.

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.