UBS Group AG lifted its position in shares of HubSpot, Inc. (NYSE:HUBS – Get Rating) by 35.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,649 shares of the software maker’s stock after buying an additional 12,981 shares during the period. UBS Group AG owned about 0.10% of HubSpot worth $13,410,000 as of its most recent SEC filing.
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A number of other large investors also recently modified their holdings of the company. Trustcore Financial Services LLC grew its position in HubSpot by 66.1% during the 3rd quarter. Trustcore Financial Services LLC now owns 98 shares of the software maker’s stock worth $26,000 after acquiring an additional 39 shares during the last quarter. Heritage Wealth Management LLC bought a new position in HubSpot during the 2nd quarter worth approximately $46,000. Institutional & Family Asset Management LLC grew its position in HubSpot by 28.8% during the 2nd quarter. Institutional & Family Asset Management LLC now owns 161 shares of the software maker’s stock worth $48,000 after acquiring an additional 36 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of HubSpot during the third quarter valued at approximately $49,000. Finally, Adalta Capital Management LLC purchased a new position in shares of HubSpot during the second quarter valued at approximately $51,000. 90.87% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at HubSpot
In other HubSpot news, CTO Dharmesh Shah sold 5,281 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $356.26, for a total transaction of $1,881,409.06. Following the completion of the transaction, the chief technology officer now owns 1,459,416 shares in the company, valued at approximately $519,931,544.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Dharmesh Shah sold 5,281 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $356.26, for a total value of $1,881,409.06. Following the completion of the sale, the chief technology officer now directly owns 1,459,416 shares of the company’s stock, valued at approximately $519,931,544.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $309.80, for a total value of $2,633,300.00. Following the completion of the sale, the insider now directly owns 634,350 shares of the company’s stock, valued at $196,521,630. The disclosure for this sale can be found here. Insiders sold 58,809 shares of company stock worth $17,779,233 in the last quarter. 5.60% of the stock is owned by corporate insiders.
HubSpot Stock Performance
NYSE HUBS opened at $385.87 on Thursday. The stock has a market capitalization of $19.06 billion, a PE ratio of -164.20 and a beta of 1.59. The business has a 50 day simple moving average of $327.54 and a two-hundred day simple moving average of $310.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.30 and a quick ratio of 2.30. HubSpot, Inc. has a 1-year low of $245.03 and a 1-year high of $546.95.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Macquarie assumed coverage on HubSpot in a research note on Wednesday, November 2nd. They issued an “outperform” rating and a $355.00 price target on the stock. Credit Suisse Group increased their target price on HubSpot from $400.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th. Cowen cut their target price on HubSpot from $390.00 to $380.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Oppenheimer increased their target price on HubSpot from $375.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Needham & Company LLC upped their price target on HubSpot from $380.00 to $470.00 and gave the company a “buy” rating in a report on Friday, February 17th. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $422.65.
HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005, and is headquartered in Cambridge, MA.
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