Assetmark Inc. Raises Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Assetmark Inc. grew its stake in shares of HubSpot, Inc. (NYSE:HUBSFree Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,624 shares of the software maker’s stock after acquiring an additional 138 shares during the quarter. Assetmark Inc.’s holdings in HubSpot were worth $1,983,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HUBS. Flagship Harbor Advisors LLC grew its position in HubSpot by 1.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,785 shares of the software maker’s stock worth $765,000 after purchasing an additional 25 shares during the period. Nisa Investment Advisors LLC increased its position in HubSpot by 0.8% during the first quarter. Nisa Investment Advisors LLC now owns 3,115 shares of the software maker’s stock valued at $1,336,000 after acquiring an additional 25 shares during the last quarter. Allworth Financial LP lifted its holdings in HubSpot by 34.2% in the first quarter. Allworth Financial LP now owns 102 shares of the software maker’s stock valued at $44,000 after acquiring an additional 26 shares during the period. Quent Capital LLC boosted its position in HubSpot by 14.3% in the first quarter. Quent Capital LLC now owns 224 shares of the software maker’s stock worth $96,000 after purchasing an additional 28 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of HubSpot by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 569 shares of the software maker’s stock valued at $244,000 after purchasing an additional 30 shares during the period. 89.32% of the stock is currently owned by institutional investors.

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 that occurred on Friday, May 26th. The stock was sold at an average price of $492.81, for a total transaction of $1,174,859.04. Following the sale, the insider now directly owns 11,371 shares of the company’s stock, valued at $5,603,742.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Kathryn Bueker sold 406 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $500.00, for a total value of $203,000.00. Following the completion of the sale, the chief financial officer now owns 40,027 shares in the company, valued at approximately $20,013,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dawson Alyssa Harvey sold 2,384 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 11,371 shares in the company, valued at $5,603,742.51. The disclosure for this sale can be found here. Insiders sold 35,620 shares of company stock worth $18,719,447 over the last 90 days. 4.90% of the stock is owned by insiders.

Analyst Ratings Changes

HUBS has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of HubSpot from $536.00 to $596.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Raymond James upped their price objective on HubSpot from $520.00 to $600.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 3rd. Piper Sandler reiterated a “neutral” rating and set a $520.00 target price on shares of HubSpot in a research report on Thursday, August 3rd. KeyCorp upped their price target on HubSpot from $450.00 to $485.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Finally, Canaccord Genuity Group lifted their price objective on HubSpot from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $498.26.

Get Our Latest Research Report on HUBS

HubSpot Stock Down 2.0 %

NYSE HUBS opened at $484.41 on Wednesday. The stock has a 50 day moving average price of $528.15 and a 200-day moving average price of $451.39. HubSpot, Inc. has a one year low of $245.03 and a one year high of $581.40. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.42.

About HubSpot

(Free Report)

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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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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