abrdn plc lifted its stake in HubSpot, Inc. (NYSE:HUBS – Free Report) by 36.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,324 shares of the software maker’s stock after buying an additional 4,896 shares during the period. abrdn plc’s holdings in HubSpot were worth $7,856,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of HubSpot by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,130,734 shares of the software maker’s stock worth $1,961,849,000 after buying an additional 46,384 shares during the period. Artisan Partners Limited Partnership increased its holdings in HubSpot by 0.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,669,218 shares of the software maker’s stock valued at $482,621,000 after purchasing an additional 9,878 shares during the period. Abdiel Capital Advisors LP increased its holdings in HubSpot by 42.5% during the 4th quarter. Abdiel Capital Advisors LP now owns 1,160,876 shares of the software maker’s stock valued at $335,644,000 after purchasing an additional 346,272 shares during the period. Clearbridge Investments LLC increased its holdings in HubSpot by 33.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock valued at $535,934,000 after purchasing an additional 284,039 shares during the period. Finally, Durable Capital Partners LP increased its holdings in HubSpot by 7.5% during the 4th quarter. Durable Capital Partners LP now owns 986,355 shares of the software maker’s stock valued at $285,185,000 after purchasing an additional 68,833 shares during the period. Hedge funds and other institutional investors own 89.32% of the company’s stock.
HubSpot Stock Performance
HUBS stock opened at $544.31 on Friday. The stock has a market capitalization of $27.02 billion, a PE ratio of -185.77 and a beta of 1.57. HubSpot, Inc. has a 12-month low of $245.03 and a 12-month high of $571.59. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $517.09 and its 200 day simple moving average is $431.01.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on HubSpot from $536.00 to $596.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $482.00 to $520.00 in a report on Thursday, July 6th. StockNews.com assumed coverage on HubSpot in a research report on Thursday, May 18th. They set a “hold” rating on the stock. KeyCorp lifted their price objective on HubSpot from $450.00 to $485.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Finally, TheStreet raised HubSpot from a “d+” rating to a “c-” rating in a research report on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $432.59.
Insider Buying and Selling at HubSpot
In other HubSpot news, insider Dawson Alyssa Harvey sold 2,384 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $492.81, for a total transaction of $1,174,859.04. Following the completion of the sale, the insider now directly owns 11,371 shares in the company, valued at approximately $5,603,742.51. The sale was disclosed in a document filed with the SEC, which is available through this link. In other HubSpot news, insider Dawson Alyssa Harvey sold 2,384 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $492.81, for a total transaction of $1,174,859.04. Following the completion of the sale, the insider now directly owns 11,371 shares in the company, valued at approximately $5,603,742.51. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $513.78, for a total transaction of $4,367,130.00. Following the sale, the insider now owns 596,350 shares of the company’s stock, valued at $306,392,703. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,854 shares of company stock worth $18,283,263. Insiders own 4.90% of the company’s stock.
HubSpot Profile
HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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