Silvant Capital Management LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,120 shares of the software maker’s stock, valued at approximately $569,000.
Other institutional investors also recently modified their holdings of the company. Turning Point Benefit Group Inc. bought a new stake in shares of HubSpot during the 3rd quarter worth $25,000. Rakuten Securities Inc. grew its position 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 acquiring an additional 47 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in HubSpot in the fourth quarter valued at about $33,000. Osterweis Capital Management Inc. acquired a new position in HubSpot during the second quarter worth about $34,000. Finally, Larson Financial Group LLC raised its stake in HubSpot by 378.9% during the fourth quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock worth $37,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.
HubSpot Stock Performance
Shares of NYSE:HUBS opened at $238.74 on Friday. The firm has a market cap of $11.91 billion, a PE ratio of 84.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The firm’s fifty day moving average is $208.60 and its 200-day moving average is $223.57. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $525.51.
Insider Buying and Selling at HubSpot
In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $219.50, for a total value of $1,865,750.00. Following the transaction, the director directly owned 76,500 shares of the company’s stock, valued at $16,791,750. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Erika Ashley Fisher sold 702 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $235.22, for a total value of $165,124.44. Following the completion of the sale, the insider owned 14,581 shares in the company, valued at $3,429,742.82. The trade was a 4.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 26,202 shares of company stock worth $5,477,709. Insiders own 3.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on HUBS. William Blair cut shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. BMO Capital Markets lowered shares of HubSpot from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $230.00 to $215.00 in a report on Thursday, August 6th. KeyCorp lowered their price objective on shares of HubSpot from $290.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Canaccord Genuity Group dropped their price objective on shares of HubSpot from $335.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, TD Cowen cut their target price on shares of HubSpot from $250.00 to $220.00 and set a “hold” rating on the stock in a research report on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $268.90.
Check Out Our Latest Stock Analysis on HUBS
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.
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