Advisors Asset Management Inc. Acquires 278 Shares of HubSpot, Inc. (NYSE:HUBS)

Advisors Asset Management Inc. boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBSGet Rating) by 54.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 786 shares of the software maker’s stock after acquiring an additional 278 shares during the quarter. Advisors Asset Management Inc.’s holdings in HubSpot were worth $236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverview Trust Co raised its position in shares of HubSpot by 203.6% in the second quarter. Riverview Trust Co now owns 85 shares of the software maker’s stock valued at $26,000 after purchasing an additional 57 shares during the period. Elequin Capital LP bought a new position in shares of HubSpot in the first quarter valued at approximately $43,000. Huntington National Bank raised its position in shares of HubSpot by 29.5% in the first quarter. Huntington National Bank now owns 136 shares of the software maker’s stock valued at $65,000 after purchasing an additional 31 shares during the period. Institutional & Family Asset Management LLC raised its position in shares of HubSpot by 28.8% in the second quarter. Institutional & Family Asset Management LLC now owns 161 shares of the software maker’s stock valued at $48,000 after purchasing an additional 36 shares during the period. Finally, Cambridge Trust Co. grew its stake in shares of HubSpot by 55.2% in the first quarter. Cambridge Trust Co. now owns 194 shares of the software maker’s stock worth $92,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

HubSpot Stock Down 2.0 %

Shares of NYSE:HUBS opened at $272.60 on Monday. HubSpot, Inc. has a 52 week low of $245.03 and a 52 week high of $862.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.34 and a current ratio of 2.34. The company’s fifty day moving average is $281.66 and its 200-day moving average is $311.22. The company has a market capitalization of $13.24 billion, a PE ratio of -114.54 and a beta of 1.58.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $286.00, for a total value of $2,431,000.00. Following the completion of the transaction, the insider now directly owns 658,066 shares of the company’s stock, valued at $188,206,876. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 25,500 shares of company stock worth $7,429,680. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HUBS shares. Jefferies Financial Group lowered their price objective on shares of HubSpot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. Macquarie started coverage on shares of HubSpot in a research note on Wednesday, November 2nd. They issued an “outperform” rating and a $355.00 price objective on the stock. Wolfe Research lowered their price objective on shares of HubSpot from $370.00 to $350.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. UBS Group lowered their price objective on shares of HubSpot from $430.00 to $385.00 in a research note on Thursday, November 3rd. Finally, Stifel Nicolaus lowered their price objective on shares of HubSpot from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, September 8th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $400.10.

HubSpot Profile

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HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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