Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,116 shares of the software maker’s stock, valued at approximately $1,116,000.
A number of other hedge funds have also recently bought and sold shares of the stock. Turning Point Benefit Group Inc. acquired a new stake in HubSpot in the 3rd quarter worth $25,000. Rakuten Securities Inc. raised its position in shares of HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after buying an additional 47 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of HubSpot during the fourth quarter valued at about $33,000. Osterweis Capital Management Inc. bought a new stake in shares of HubSpot in the second quarter valued at about $34,000. Finally, Larson Financial Group LLC lifted its stake in shares of HubSpot by 378.9% in the fourth quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock valued at $37,000 after buying an additional 72 shares during the period. 90.39% of the stock is owned by institutional investors.
HubSpot Stock Up 6.8%
NYSE:HUBS opened at $241.60 on Thursday. HubSpot, Inc. has a 12-month low of $169.63 and a 12-month high of $525.51. The firm has a market capitalization of $12.05 billion, a PE ratio of 85.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.19. The firm has a 50-day moving average price of $207.56 and a 200 day moving average price of $223.86.
Insider Buying and Selling
In related news, Director Gerald Dischler bought 925 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $215.93 per share, for a total transaction of $199,735.25. Following the transaction, the director directly owned 1,940 shares of the company’s stock, valued at $418,904.20. This represents a 91.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total value of $1,879,265.00. Following the completion of the sale, the director directly owned 85,000 shares in the company, valued at approximately $18,792,650. This represents a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,702 shares of company stock worth $3,611,959 in the last 90 days. 3.70% of the stock is owned by company insiders.
Analyst Ratings Changes
HUBS has been the topic of several research reports. KeyCorp lowered their price target on HubSpot from $290.00 to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Barclays reduced their price objective on HubSpot from $270.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. UBS Group set a $287.00 price objective on HubSpot in a report on Thursday, August 6th. Capital One Financial set a $206.00 price objective on HubSpot and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of HubSpot in a research note on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $268.90.
Get Our Latest Stock Analysis on HubSpot
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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