SG Americas Securities LLC Purchases 1,514 Shares of HubSpot, Inc. (NYSE:HUBS)

SG Americas Securities LLC grew its position in HubSpot, Inc. (NYSE:HUBS) by 239.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,147 shares of the software maker’s stock after acquiring an additional 1,514 shares during the quarter. SG Americas Securities LLC’s holdings in HubSpot were worth $1,227,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock worth $1,029,262,000 after buying an additional 74,990 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of HubSpot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock worth $577,572,000 after buying an additional 9,922 shares in the last quarter. Groupama Asset Managment raised its holdings in shares of HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock worth $506,412,000 after buying an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after buying an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after buying an additional 24,799 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the sale, the insider now owns 525,687 shares of the company’s stock, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,562 shares of company stock valued at $6,353,177 over the last 90 days. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their target price on HubSpot from $900.00 to $795.00 and set a “buy” rating for the company in a report on Friday, May 9th. Morgan Stanley raised their price target on HubSpot from $659.00 to $752.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Wells Fargo & Company dropped their price target on HubSpot from $700.00 to $675.00 and set an “overweight” rating for the company in a report on Monday, June 9th. Sanford C. Bernstein initiated coverage on HubSpot in a report on Thursday, March 20th. They set a “market perform” rating and a $693.00 price target for the company. Finally, UBS Group raised their price target on HubSpot from $675.00 to $820.00 and gave the company a “buy” rating in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $766.71.

HubSpot Stock Performance

NYSE:HUBS opened at $549.64 on Tuesday. The stock’s 50-day simple moving average is $597.91 and its 200 day simple moving average is $660.76. The company has a market cap of $28.99 billion, a P/E ratio of 6,107.81, a P/E/G ratio of 41.44 and a beta of 1.70. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

About HubSpot

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.