HubSpot, Inc. (NYSE:HUBS) Stock Holdings Lifted by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. increased its stake in HubSpot, Inc. (NYSE:HUBS) by 745.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,585 shares of the software maker’s stock after acquiring an additional 9,333 shares during the quarter. HubSpot makes up 0.9% of Stanley Laman Group Ltd.’s holdings, making the stock its 19th largest holding. Stanley Laman Group Ltd.’s holdings in HubSpot were worth $6,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Elequin Capital LP acquired a new stake in HubSpot during the 4th quarter worth about $27,000. Larson Financial Group LLC raised its holdings in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the period. Coppell Advisory Solutions LLC lifted its position in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after acquiring an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after purchasing an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new position in HubSpot in the 4th quarter worth approximately $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Price Performance

Shares of HUBS opened at $569.04 on Friday. The company’s fifty day moving average price is $595.31 and its 200 day moving average price is $664.01. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company has a market capitalization of $30.01 billion, a PE ratio of 6,323.37, a price-to-earnings-growth ratio of 41.44 and a beta of 1.70.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. The trade was a 3.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,062 shares of company stock worth $11,516,757 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Scotiabank cut their target price on shares of HubSpot from $900.00 to $750.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company dropped their price target on HubSpot from $700.00 to $675.00 and set an “overweight” rating on the stock in a research report on Monday. BMO Capital Markets dropped their target price on HubSpot from $885.00 to $745.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Canaccord Genuity Group increased their price target on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Sanford C. Bernstein started coverage on shares of HubSpot in a research report on Thursday, March 20th. They set a “market perform” rating and a $693.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $766.71.

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.