HubSpot, Inc. (NYSE:HUBS) Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 5.5% during the 1st quarter, HoldingsChannel reports. The firm owned 57,976 shares of the software maker’s stock after buying an additional 3,030 shares during the period. TD Asset Management Inc’s holdings in HubSpot were worth $33,121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in HubSpot by 481.5% during the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker’s stock worth $90,000 after purchasing an additional 130 shares during the last quarter. Principal Financial Group Inc. boosted its stake in HubSpot by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock worth $16,427,000 after purchasing an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in HubSpot by 1,840.0% during the 1st quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker’s stock worth $55,000 after purchasing an additional 92 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in HubSpot during the 1st quarter worth $235,000. Finally, Amalgamated Bank boosted its stake in HubSpot by 6.9% during the 1st quarter. Amalgamated Bank now owns 3,485 shares of the software maker’s stock worth $1,991,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS opened at $559.71 on Tuesday. The stock has a market capitalization of $29.52 billion, a PE ratio of -1,243.80, a P/E/G ratio of 20.80 and a beta of 1.66. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company’s 50-day simple moving average is $568.15 and its 200-day simple moving average is $625.14.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the sale, the chief financial officer owned 41,086 shares of the company’s stock, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. 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 stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the sale, the director directly owned 522,435 shares in the company, valued at $283,718,775.45. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HUBS shares. Jefferies Financial Group lowered their price target on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Raymond James Financial reissued an “outperform” rating and set a $825.00 price target (down previously from $980.00) on shares of HubSpot in a research report on Friday, May 9th. Mizuho lowered their price target on shares of HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Cantor Fitzgerald started coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $775.00 price target on the stock. Finally, Barclays lowered their price target on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $759.04.

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.