Garde Capital Inc. Acquires New Position in HubSpot, Inc. (NYSE:HUBS)

Garde Capital Inc. acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 100 shares of the software maker’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HUBS. Elequin Capital LP purchased a new position in shares of HubSpot in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC raised its position in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after buying an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after buying an additional 32 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in HubSpot during the 4th quarter worth approximately $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction on 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 sale, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. The trade was a 3.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the sale, the director now directly owns 523,984 shares in the company, valued at approximately $287,158,951.52. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,062 shares of company stock valued at $11,011,432. 4.50% of the stock is owned by company insiders.

HubSpot Stock Performance

HubSpot stock opened at $534.70 on Friday. The company’s fifty day moving average price is $598.54 and its 200 day moving average price is $656.00. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market capitalization of $28.20 billion, a P/E ratio of -1,188.22, a P/E/G ratio of 19.43 and a beta of 1.70.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $900.00 price target on shares of HubSpot in a research report on Friday, May 9th. Truist Financial reduced their price target 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. Citigroup raised their price target on shares of HubSpot from $750.00 to $759.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. BNP Paribas initiated coverage on shares of HubSpot in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $700.00 price target for the company. Finally, Barclays dropped their price objective on shares of HubSpot from $815.00 to $745.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $766.71.

HubSpot Company Profile

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.