Legato Capital Management LLC Invests $1.95 Million in HubSpot, Inc. (NYSE:HUBS)

Legato Capital Management LLC bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,800 shares of the software maker’s stock, valued at approximately $1,951,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the 3rd quarter valued at $25,000. HM Payson & Co. boosted its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares in the last quarter. Friedenthal Financial acquired a new position in HubSpot during the fourth quarter worth $50,000. Finally, Crewe Advisors LLC raised its stake in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HUBS shares. Evercore ISI upped their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and boosted their price target for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Scotiabank raised their price objective on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Wells Fargo & Company increased their price target on HubSpot from $810.00 to $835.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets boosted their price objective on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $747.92.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the sale, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock valued at $51,432,627 over the last three months. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Down 2.6 %

HUBS opened at $784.27 on Wednesday. The company has a fifty day moving average price of $730.62 and a two-hundred day moving average price of $614.48. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $811.79.

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.