Dawson Alyssa Harvey Sells 469 Shares of HubSpot, Inc. (NYSE:HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) insider Dawson Alyssa Harvey sold 469 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $620.15, for a total value of $290,850.35. Following the completion of the sale, the insider now owns 11,052 shares of the company’s stock, valued at $6,853,897.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $590.16 on Friday. The firm’s fifty day moving average is $624.86 and its 200-day moving average is $583.14. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The firm has a market cap of $30.07 billion, a PE ratio of -222.70 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HUBS. JPMorgan Chase & Co. upped their target price on HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Piper Sandler reduced their price objective on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Royal Bank of Canada boosted their target price on shares of HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. William Blair reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 15th. Finally, Stifel Nicolaus lowered their price objective on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $640.04.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after acquiring an additional 626,977 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after buying an additional 604,554 shares in the last quarter. Norges Bank acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $311,236,000. Twin Focus Capital Partners LLC increased its stake in shares of HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after acquiring an additional 487,348 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of HubSpot by 87.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock valued at $262,022,000 after acquiring an additional 210,138 shares during the period. 90.39% of the stock is currently owned by institutional investors.

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.