QRG Capital Management Inc. Takes $224,000 Position in HubSpot, Inc. (NYSE:HUBS)

QRG Capital Management Inc. bought a new position in HubSpot, Inc. (NYSE:HUBSFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 386 shares of the software maker’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in HubSpot in the fourth quarter valued at $29,000. Venturi Wealth Management LLC boosted its stake in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Larson Financial Group LLC increased its position in shares of HubSpot by 1,380.0% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after buying an additional 69 shares during the period. Alta Advisers Ltd bought a new position in HubSpot in the third quarter worth about $49,000. Finally, Principal Securities Inc. bought a new stake in HubSpot during the 4th quarter valued at approximately $50,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Down 1.5 %

HUBS stock opened at $610.97 on Wednesday. The business’s 50-day moving average is $626.02 and its two-hundred day moving average is $580.63. The company has a market cap of $31.14 billion, a price-to-earnings ratio of -230.55 and a beta of 1.57. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the completion of the sale, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $616.51, for a total value of $2,427,199.87. Following the transaction, the chief financial officer now owns 45,737 shares of the company’s stock, valued at $28,197,317.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the transaction, the chief executive officer now owns 88,861 shares of the company’s stock, valued at $56,356,534.81. The disclosure for this sale can be found here. Insiders have sold 24,244 shares of company stock worth $15,177,181 in the last quarter. Company insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research analyst reports. Truist Financial raised their target price on HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. KeyCorp began coverage on shares of HubSpot in a research note on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price target for the company. Citigroup dropped their price objective on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. William Blair reiterated an “outperform” rating on shares of HubSpot in a report on Thursday, February 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, May 9th. One 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 company’s stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $640.04.

Get Our Latest Stock Report on HubSpot

HubSpot Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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