Coldstream Capital Management Inc. Takes Position in HubSpot, Inc. (NYSE:HUBS)

Coldstream Capital Management Inc. acquired a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 431 shares of the software maker’s stock, valued at approximately $250,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in HubSpot by 0.9% in the third quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock worth $2,300,168,000 after purchasing an additional 41,689 shares in the last quarter. JPMorgan Chase & Co. lifted its position in HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after acquiring an additional 166,381 shares during the last quarter. Wellington Management Group LLP lifted its position in HubSpot by 26.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after acquiring an additional 257,632 shares during the last quarter. Jennison Associates LLC lifted its position in HubSpot by 22.8% during the 4th quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock worth $564,840,000 after acquiring an additional 180,822 shares during the last quarter. Finally, Norges Bank acquired a new position in HubSpot during the 4th quarter worth $311,236,000. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now directly owns 88,861 shares of the company’s stock, valued at $56,356,534.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Kathryn Bueker sold 3,937 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the sale, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at $28,197,317.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the 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 sale, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,903 shares of company stock valued at $16,836,781. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on HUBS shares. Evercore ISI boosted their target price on shares of HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. UBS Group reissued a “neutral” rating and set a $525.00 target price on shares of HubSpot in a research report on Thursday, February 15th. Piper Sandler cut their target price on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. BMO Capital Markets cut their target price on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Barclays cut their target price on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. One research 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $640.04.

HubSpot Trading Down 0.8 %

NYSE:HUBS opened at $590.16 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The firm has a 50-day moving average price of $624.86 and a 200 day moving average price of $584.14.

HubSpot Company Profile

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.