Nicolet Advisory Services LLC Makes New $359,000 Investment in HubSpot, Inc. (NYSE:HUBS)

Nicolet Advisory Services LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the first quarter, Holdings Channel reports. The institutional investor purchased 628 shares of the software maker’s stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Elequin Capital LP purchased a new stake in shares of HubSpot during the fourth quarter worth approximately $27,000. Coppell Advisory Solutions LLC grew its stake in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after buying an additional 32 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in HubSpot by 130.8% in the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after buying an additional 34 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in HubSpot in the first quarter valued at $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

HubSpot stock opened at $498.33 on Friday. The business has a 50 day simple moving average of $560.18 and a 200-day simple moving average of $621.35. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market capitalization of $26.28 billion, a PE ratio of -1,107.40, a price-to-earnings-growth ratio of 18.90 and a beta of 1.67.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the business’s 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 transaction, the chief financial officer directly owned 41,086 shares in the company, valued at $22,670,843.94. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares of the company’s stock, valued at $35,269,313.22. This represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

HUBS has been the subject of several analyst reports. BNP Paribas initiated coverage on HubSpot in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $700.00 price objective for the company. Oppenheimer upped their price target on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Friday, May 9th. Truist Financial cut their price objective on shares of HubSpot from $900.00 to $720.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group lowered their target price on shares of HubSpot from $900.00 to $795.00 and set a “buy” rating for the company in a report on Friday, May 9th. Finally, Cantor Fitzgerald started coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They issued an “overweight” rating and a $775.00 target price on the stock. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $759.04.

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.