Victory Capital Management Inc. raised its position in HubSpot, Inc. (NYSE:HUBS – Free Report) by 140.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 42,918 shares of the software maker’s stock after purchasing an additional 25,090 shares during the period. Victory Capital Management Inc. owned 0.09% of HubSpot worth $18,401,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its holdings in shares of HubSpot by 253.6% during the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 71 shares during the period. Valley National Advisers Inc. increased its position in shares of HubSpot by 1,100.0% during the 1st quarter. Valley National Advisers Inc. now owns 72 shares of the software maker’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in shares of HubSpot during the 1st quarter worth about $34,000. CI Investments Inc. increased its position in shares of HubSpot by 113.8% during the 4th quarter. CI Investments Inc. now owns 124 shares of the software maker’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in HubSpot in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.
HubSpot Trading Up 1.5 %
NYSE:HUBS opened at $556.69 on Friday. The stock’s 50 day simple moving average is $524.02 and its 200-day simple moving average is $439.20. HubSpot, Inc. has a 12-month low of $245.03 and a 12-month high of $571.59. The firm has a market cap of $27.63 billion, a P/E ratio of -189.99 and a beta of 1.57. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.43.
Analyst Upgrades and Downgrades
Several research firms have weighed in on HUBS. KeyCorp lifted their target price on HubSpot from $450.00 to $485.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Royal Bank of Canada boosted their target price on HubSpot from $500.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday. Mizuho boosted their target price on HubSpot from $480.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. The Goldman Sachs Group boosted their target price on HubSpot from $536.00 to $596.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Finally, Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $482.00 to $520.00 in a research note on Thursday, July 6th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $454.00.
Insider Buying and Selling
In other HubSpot news, CEO Yamini Rangan sold 10,846 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $516.83, for a total value of $5,605,538.18. Following the sale, the chief executive officer now owns 63,801 shares of the company’s stock, valued at $32,974,270.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 10,846 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $516.83, for a total value of $5,605,538.18. Following the sale, the chief executive officer now owns 63,801 shares of the company’s stock, valued at $32,974,270.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 2,384 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $492.81, for a total value 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 disclosure for this sale can be found here. Insiders have sold 34,854 shares of company stock valued at $18,283,263 over the last quarter. Company insiders own 4.90% of the company’s stock.
About HubSpot
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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