HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Altman Advisors Inc.

Altman Advisors Inc. boosted its position in HubSpot, Inc. (NYSE:HUBS) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,249 shares of the software maker’s stock after buying an additional 47 shares during the quarter. Altman Advisors Inc.’s holdings in HubSpot were worth $1,987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HUBS. Norges Bank bought a new stake in shares of HubSpot in the 4th quarter worth about $420,345,000. Massachusetts Financial Services Co. MA increased its position in shares of HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after purchasing an additional 251,853 shares during the last quarter. GAMMA Investing LLC increased its position 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 purchasing an additional 178,021 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of HubSpot by 61.9% in the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker’s stock worth $199,504,000 after purchasing an additional 109,449 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of HubSpot by 156.1% in the 4th quarter. Two Sigma Investments LP now owns 143,217 shares of the software maker’s stock worth $99,789,000 after purchasing an additional 87,298 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald started coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They issued an “overweight” rating and a $775.00 target price for the company. Piper Sandler boosted their price objective on shares of HubSpot from $535.00 to $645.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets lowered their price objective on shares of HubSpot from $885.00 to $745.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Macquarie started coverage on shares of HubSpot in a research report on Monday, March 24th. They set an “outperform” rating and a $730.00 price objective for the company. Four equities research 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. Based on data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average price target of $764.93.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total value of $4,658,255.00. Following the completion of the sale, the director directly owned 523,984 shares of the company’s stock, valued at approximately $287,158,951.52. This represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 615 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 $339,350.85. Following the completion of the sale, the chief financial officer directly owned 41,086 shares of the company’s stock, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,178 shares of company stock valued at $6,720,521. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Down 1.9%

HubSpot stock opened at $528.63 on Wednesday. The firm has a 50-day moving average price of $586.91 and a two-hundred day moving average price of $635.23. The firm has a market capitalization of $27.88 billion, a price-to-earnings ratio of -1,174.73, a PEG ratio of 20.02 and a beta of 1.66. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

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.