Wrapmanager Inc. increased its position in HubSpot, Inc. (NYSE:HUBS – Free Report) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,823 shares of the software maker’s stock after purchasing an additional 367 shares during the quarter. Wrapmanager Inc.’s holdings in HubSpot were worth $782,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its holdings in shares of HubSpot by 1.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,785 shares of the software maker’s stock valued at $765,000 after purchasing an additional 25 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in HubSpot by 0.8% in the 1st 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 in the last quarter. Allworth Financial LP lifted its stake in HubSpot by 34.2% in the 1st quarter. Allworth Financial LP now owns 102 shares of the software maker’s stock valued at $44,000 after acquiring an additional 26 shares in the last quarter. Quent Capital LLC lifted its stake in HubSpot by 14.3% in the 1st quarter. Quent Capital LLC now owns 224 shares of the software maker’s stock valued at $96,000 after acquiring an additional 28 shares in the last quarter. Finally, Parallel Advisors LLC raised 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 worth $244,000 after purchasing an additional 30 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, insider Dawson Alyssa Harvey sold 2,384 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is available at this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $513.78, for a total value of $4,367,130.00. Following the completion of the sale, the insider now owns 596,350 shares in the company, valued at approximately $306,392,703. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dawson Alyssa Harvey sold 2,384 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was 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 owns 11,371 shares of the company’s stock, valued at approximately $5,603,742.51. The disclosure for this sale can be found here. Insiders have sold 35,620 shares of company stock worth $18,719,447 in the last ninety days. 4.90% of the stock is currently owned by insiders.
HubSpot Stock Performance
Shares of NYSE:HUBS traded down $11.87 during midday trading on Tuesday, reaching $482.29. 343,673 shares of the company traded hands, compared to its average volume of 632,313. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.42. HubSpot, Inc. has a 12 month low of $245.03 and a 12 month high of $581.40. The firm has a market capitalization of $24.12 billion, a price-to-earnings ratio of -119.46 and a beta of 1.58. The firm’s fifty day moving average price is $528.70 and its two-hundred day moving average price is $449.02.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on HUBS shares. Needham & Company LLC boosted their target price on HubSpot from $470.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. KeyCorp boosted their target price on HubSpot from $450.00 to $485.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. The Goldman Sachs Group upped their price objective on HubSpot from $536.00 to $596.00 and gave the company a “buy” rating in a report on Thursday, July 20th. 888 reaffirmed a “maintains” rating on shares of HubSpot in a report on Thursday, May 4th. Finally, TheStreet raised HubSpot from a “d+” rating to a “c-” rating in a report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $498.26.
HubSpot Company 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.