Plato Investment Management Ltd bought a new position in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,179 shares of the software maker’s stock, valued at approximately $577,000.
Other large investors have also added to or reduced their stakes in the company. Turning Point Benefit Group Inc. bought a new position in HubSpot during the third quarter worth $25,000. Rakuten Securities Inc. raised its position in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in shares of HubSpot in the fourth quarter valued at about $33,000. Osterweis Capital Management Inc. acquired a new stake in shares of HubSpot during the 2nd quarter worth about $34,000. Finally, Larson Financial Group LLC lifted its stake in shares of HubSpot by 378.9% during the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock worth $37,000 after buying an additional 72 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.
HubSpot Stock Up 5.3%
Shares of NYSE:HUBS opened at $226.53 on Wednesday. HubSpot, Inc. has a 12-month low of $169.63 and a 12-month high of $525.51. The company’s 50 day moving average price is $206.59 and its two-hundred day moving average price is $224.14. The firm has a market cap of $11.30 billion, a PE ratio of 80.05, a PEG ratio of 2.29 and a beta of 1.19.
Insider Buying and Selling at HubSpot
In other news, Director Gerald Dischler bought 925 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the transaction, the director owned 1,940 shares of the company’s stock, valued at $418,904.20. This represents a 91.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the sale, the director directly owned 85,000 shares of the company’s stock, valued at approximately $18,792,650. This trade represents a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,702 shares of company stock valued at $3,611,959 in the last ninety days. 3.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages recently commented on HUBS. William Blair lowered shares of HubSpot from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Capital One Financial set a $206.00 price objective on shares of HubSpot and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Evercore set a $225.00 price objective on HubSpot in a report on Friday, May 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of HubSpot in a research report on Thursday, August 6th. Finally, Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $250.00 to $220.00 in a research report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $268.90.
HubSpot Company 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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