Praxis Investment Management Inc. Acquires 320 Shares of HubSpot, Inc. (NYSE:HUBS)

Praxis Investment Management Inc. raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 22.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,770 shares of the software maker’s stock after acquiring an additional 320 shares during the period. Praxis Investment Management Inc.’s holdings in HubSpot were worth $1,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of HubSpot by 14.9% during the 1st quarter. Blue Trust Inc. now owns 693 shares of the software maker’s stock valued at $396,000 after acquiring an additional 90 shares during the last quarter. Compass Capital Corp MA ADV raised its position in shares of HubSpot by 39.8% during the 1st quarter. Compass Capital Corp MA ADV now owns 548 shares of the software maker’s stock valued at $308,000 after acquiring an additional 156 shares during the last quarter. Janney Capital Management LLC bought a new stake in shares of HubSpot during the 1st quarter valued at $6,628,000. Insigneo Advisory Services LLC raised its position in shares of HubSpot by 32.7% during the 1st quarter. Insigneo Advisory Services LLC now owns 442 shares of the software maker’s stock valued at $252,000 after acquiring an additional 109 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of HubSpot during the 1st quarter valued at $226,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HUBS. Truist Financial lowered their price objective on shares of HubSpot from $900.00 to $720.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus set a $750.00 price objective on shares of HubSpot in a research report on Friday, April 25th. Wells Fargo & Company lowered their price objective on shares of HubSpot from $700.00 to $675.00 and set an “overweight” rating for the company in a research report on Monday, June 9th. Jefferies Financial Group lowered their price objective on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Scotiabank lowered their price objective on shares of HubSpot from $900.00 to $750.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $766.71.

HubSpot Price Performance

HubSpot stock opened at $534.70 on Friday. The firm has a 50-day moving average of $598.54 and a 200-day moving average of $656.00. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company has a market cap of $28.20 billion, a price-to-earnings ratio of -1,188.22, a P/E/G ratio of 19.43 and a beta of 1.70.

Insider Activity

In other news, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the completion of the sale, the director now directly owns 523,984 shares in the company, valued at approximately $287,158,951.52. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,062 shares of company stock valued at $11,011,432. 4.50% of the stock is owned by company insiders.

About HubSpot

HubSpot, Inc, together with its subsidiaries, 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 Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.