Northwestern Mutual Wealth Management Co. grew its position in HubSpot, Inc. (NYSE:HUBS – Free Report) by 76.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,983 shares of the software maker’s stock after acquiring an additional 3,459 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in HubSpot were worth $1,457,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of HUBS. Greenleaf Trust purchased a new stake in HubSpot in the 2nd quarter valued at $876,000. Beacon Pointe Advisors LLC purchased a new stake in shares of HubSpot in the second quarter valued at about $2,630,000. Empowered Funds LLC purchased a new stake in shares of HubSpot in the second quarter valued at about $3,028,000. United Capital Financial Advisors LLC acquired a new stake in shares of HubSpot during the second quarter worth about $491,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of HubSpot during the second quarter worth about $2,600,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
HubSpot Stock Performance
Shares of NYSE HUBS opened at $247.24 on Friday. The firm has a market capitalization of $12.33 billion, a P/E ratio of 87.36, a PEG ratio of 2.75 and a beta of 1.18. HubSpot, Inc. has a one year low of $169.63 and a one year high of $525.51. The company’s fifty day moving average is $223.98 and its two-hundred day moving average is $224.63.
Insider Buying and Selling
In other news, Director Gerald Dischler acquired 925 shares of HubSpot stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $215.93 per share, with a total value of $199,735.25. Following the completion of the acquisition, the director owned 1,940 shares in the company, valued at $418,904.20. This trade represents a 91.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Erika Fisher sold 702 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total value of $165,124.44. Following the sale, the insider owned 14,581 shares in the company, valued at approximately $3,429,742.82. The trade was a 4.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,202 shares of company stock worth $5,477,709 in the last quarter. Company insiders own 3.70% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on HUBS shares. KeyCorp dropped their price target on HubSpot from $290.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. BNP Paribas Exane downgraded HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Monday, May 11th. Stifel Nicolaus lowered HubSpot from a “buy” rating to a “hold” rating and dropped their target price for the company from $275.00 to $200.00 in a report on Thursday, August 6th. Bank of America restated an “underperform” rating and set a $200.00 price target on shares of HubSpot in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $250.00 price objective on shares of HubSpot in a research report on Friday, May 8th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $271.07.
View Our Latest Stock Report on HUBS
HubSpot Profile
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
Further Reading
- Five stocks we like better than HubSpot
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot, Inc. (NYSE:HUBS – Free Report).
Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.
