Shares of customer relationship management (CRM) platform provider HubSpot (NYSE:HUBS) closed about 5% higher on April 4 amid speculation of a potential acquisition offer from tech giant Alphabet (NASDAQ:GOOGL). While the prospect of Alphabet acquiring HUBS is still uncertain, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, mutual funds own 39.05% of HUBS. They are followed by insiders, public companies and individual investors, and other institutional investors at 31.23%, 15.65%, and 14.07%, respectively.
Digging Deeper into HUBS’ Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 9.02% stake in HUBS stock. Next up is Vanguard Index Funds, which holds an 8.20% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Negative on HUBS stock based on the activity of 14 hedge funds. Hedge funds decreased their HUBS holdings by 323.6K shares in the last quarter.
While hedge funds are very negative, in the last 30 days, the number of portfolios (tracked by TipRanks) holding HUBS stock decreased by 5.8%. Overall, among the 725,334 portfolios monitored by TipRanks, 0.3% have invested in HubSpot stock.
Is HubSpot Stock a Buy?
HubSpot stock is up over 62% in one year. Despite this notable gain, Wall Street analysts maintain a bullish outlook on the stock. It has 22 Buys, three Hold, and one Sell recommendation for a Strong Buy consensus rating. Analysts’ average price target on HUBS stock is 688.64, implying 4.68% upside potential.
Conclusion
TipRanks’ Ownership tool provides HUBS ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of HubSpot stock, go to TipRanks’ Stock Analysis page.
