Jefferies Financial Group Inc. lowered its stake in HubSpot, Inc. (NYSE:HUBS – Free Report) by 77.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,845 shares of the software maker’s stock after selling 9,590 shares during the quarter. Jefferies Financial Group Inc.’s holdings in HubSpot were worth $1,142,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares in the last quarter. Strategic Advocates LLC acquired a new stake in shares of HubSpot during the 3rd quarter worth about $25,000. Turning Point Benefit Group Inc. acquired a new position in HubSpot in the third quarter valued at approximately $25,000. Osterweis Capital Management Inc. acquired a new position in HubSpot in the second quarter valued at approximately $34,000. Finally, Westside Investment Management Inc. boosted its holdings in HubSpot by 80.5% in the third quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock valued at $33,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.
HubSpot Trading Down 1.4%
Shares of HUBS stock opened at $197.95 on Friday. The business’s 50 day moving average is $221.58 and its two-hundred day moving average is $289.82. HubSpot, Inc. has a twelve month low of $173.25 and a twelve month high of $621.16. The company has a market capitalization of $10.14 billion, a P/E ratio of 103.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.23.
Insider Activity
In related news, insider Erika Ashley Fisher sold 915 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $236.66, for a total transaction of $216,543.90. Following the completion of the sale, the insider directly owned 16,270 shares of the company’s stock, valued at $3,850,458.20. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Yamini Rangan purchased 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $189.84 per share, with a total value of $522,060.00. Following the completion of the acquisition, the chief executive officer owned 102,982 shares of the company’s stock, valued at approximately $19,550,102.88. This trade represents a 2.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 14,063 shares of company stock valued at $2,585,781 and sold 26,207 shares valued at $6,233,049. Company insiders own 4.00% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Evercore set a $225.00 price target on HubSpot in a report on Friday, May 8th. Truist Financial lowered their price target on HubSpot from $300.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 8th. Royal Bank Of Canada lowered their price target on HubSpot from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Oppenheimer lowered their price target on HubSpot from $550.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Finally, UBS Group lowered their price target on HubSpot from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, May 8th. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $311.00.
Get Our Latest Research Report on HUBS
About HubSpot
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.
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