Maxi Investments CY Ltd Makes New $1.28 Million Investment in HubSpot, Inc. (NYSE:HUBS)

Maxi Investments CY Ltd bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the 1st quarter, Holdings Channel.com reports. The firm bought 2,234 shares of the software maker’s stock, valued at approximately $1,276,000.

Several other hedge funds have also recently bought and sold shares of the business. Elequin Capital LP acquired a new stake in shares of HubSpot in the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC grew its position in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd grew its position in shares of 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 purchasing an additional 32 shares during the last quarter. Colonial Trust Co SC grew its position in shares of HubSpot by 111.1% in the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker’s stock valued at $40,000 after purchasing an additional 30 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of 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 purchasing an additional 34 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Price Performance

HUBS stock opened at $503.28 on Tuesday. The company has a 50 day moving average price of $557.95 and a 200 day moving average price of $618.66. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market capitalization of $26.54 billion, a PE ratio of -1,118.39, a price-to-earnings-growth ratio of 18.13 and a beta of 1.66.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares of the company’s stock, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold 19,998 shares of company stock worth $10,928,616 in the last quarter. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HUBS. BNP Paribas started coverage on HubSpot in a research report on Tuesday, April 22nd. They issued an “outperform” rating and a $700.00 price target on the stock. Piper Sandler increased their target price on shares of HubSpot from $535.00 to $645.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Citigroup increased their target price on shares of HubSpot from $750.00 to $759.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. BMO Capital Markets reduced their target price on shares of HubSpot from $735.00 to $650.00 and set an “outperform” rating for the company in a research note on Friday, July 18th. Finally, Cantor Fitzgerald started coverage on shares of HubSpot in a research note on Tuesday, June 3rd. They issued an “overweight” rating and a $775.00 target price for the company. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.