Greenleaf Trust purchased a new stake in HubSpot, Inc. (NYSE:HUBS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,801 shares of the software maker’s stock, valued at approximately $876,000.
A number of other large investors have also recently modified their holdings of HUBS. National Bank of Canada FI grew its holdings in shares of HubSpot by 8.6% during the third quarter. National Bank of Canada FI now owns 379 shares of the software maker’s stock worth $177,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. raised its stake in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in HubSpot by 2.9% during the second quarter. Orion Porfolio Solutions LLC now owns 1,784 shares of the software maker’s stock valued at $994,000 after purchasing an additional 51 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its position in HubSpot by 3.3% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 1,738 shares of the software maker’s stock valued at $697,000 after purchasing an additional 55 shares during the last quarter. Finally, Turning Point Benefit Group Inc. bought a new stake in HubSpot during the third quarter valued at approximately $25,000. Institutional investors own 90.39% of the company’s stock.
HubSpot Stock Performance
HUBS stock opened at $261.68 on Tuesday. The company has a market capitalization of $13.05 billion, a PE ratio of 92.47, a price-to-earnings-growth ratio of 2.82 and a beta of 1.19. HubSpot, Inc. has a one year low of $169.63 and a one year high of $525.51. The company’s 50 day moving average price is $218.19 and its two-hundred day moving average price is $223.97.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of HubSpot in a report on Wednesday, June 24th. Morgan Stanley set a $287.00 price objective on shares of HubSpot in a report on Thursday, August 6th. BMO Capital Markets lowered shares of HubSpot from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $230.00 to $215.00 in a research report on Thursday, August 6th. The Goldman Sachs Group set a $276.00 target price on HubSpot in a research note on Thursday, August 6th. Finally, Raymond James Financial restated an “outperform” rating and set a $250.00 price target on shares of HubSpot in a research report on Friday, May 8th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $268.90.
Get Our Latest Analysis on HUBS
Insiders Place Their Bets
In other news, insider Erika Ashley Fisher sold 702 shares of HubSpot stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total value of $165,124.44. Following the transaction, the insider owned 14,581 shares in the company, valued at approximately $3,429,742.82. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Dischler bought 925 shares of the stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $215.93 per share, with a total value of $199,735.25. Following the purchase, the director owned 1,940 shares in the company, valued at $418,904.20. The trade was a 91.13% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 26,202 shares of company stock valued at $5,477,709 over the last three months. Insiders own 3.70% of the company’s stock.
About HubSpot
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
See Also
- Five stocks we like better than HubSpot
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot, Inc. (NYSE:HUBS – Free Report).
Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.
