Rhumbline Advisers Boosts Holdings in HubSpot, Inc. (NYSE:HUBS)

by · The Cerbat Gem

Rhumbline Advisers increased its holdings in HubSpot, Inc. (NYSE:HUBS – Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,687 shares of the software maker’s stock after buying an additional 583 shares during the quarter. Rhumbline Advisers owned 0.13% of HubSpot worth $38,669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elequin Capital LP purchased a new position in shares of HubSpot in the fourth quarter worth approximately $27,000. Larson Financial Group LLC boosted its holdings 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 buying an additional 27 shares during the last quarter. Coppell Advisory Solutions LLC boosted its holdings 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 buying an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings 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 buying an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in shares of HubSpot in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on HUBS shares. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a research note on Thursday, February 13th. Canaccord Genuity Group raised 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. Piper Sandler raised their target price on shares of HubSpot from $535.00 to $645.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Wall Street Zen cut shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $900.00 target price on shares of HubSpot in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $767.61.

Get Our Latest Report on HubSpot

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares of the company’s stock, valued at $283,135,018.20. This represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the business’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now directly owns 71,693 shares of the company’s stock, valued at $43,015,800. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,062 shares of company stock valued at $11,516,757. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Down 0.1%

NYSE HUBS opened at $599.45 on Thursday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The firm has a market capitalization of $31.61 billion, a price-to-earnings ratio of 6,661.30, a PEG ratio of 41.44 and a beta of 1.78. The company has a fifty day moving average of $589.85 and a two-hundred day moving average of $668.82.

HubSpot Profile

(Free Report)

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.

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