Sumitomo Mitsui Trust Holdings Inc. Cuts Position in HubSpot, Inc. (NYSE:HUBS)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in HubSpot, Inc. (NYSE:HUBS) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,843 shares of the software maker’s stock after selling 1,066 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of HubSpot worth $73,057,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its position in shares of HubSpot by 11.0% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker’s stock valued at $631,000 after buying an additional 127 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of HubSpot in the fourth quarter valued at $2,312,000. Pathstone Family Office LLC purchased a new position in shares of HubSpot in the third quarter valued at $677,000. JPMorgan Chase & Co. increased its position in shares of HubSpot by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after buying an additional 166,381 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of HubSpot by 118.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 58,409 shares of the software maker’s stock valued at $33,909,000 after buying an additional 31,688 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,874 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total value of $1,802,342.88. Following the transaction, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 2,874 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total value of $1,802,342.88. Following the transaction, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 969 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the transaction, the insider now directly owns 7,225 shares in the company, valued at $4,407,250. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,862 shares of company stock valued at $8,604,961. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on HUBS shares. Needham & Company LLC lifted their price objective on HubSpot from $630.00 to $730.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. BMO Capital Markets boosted their target price on shares of HubSpot from $540.00 to $710.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Wolfe Research boosted their target price on shares of HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Scotiabank boosted their target price on shares of HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research note on Friday, April 5th. Finally, William Blair reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $642.36.

HubSpot Stock Up 0.0 %

HubSpot stock opened at $634.00 on Thursday. The stock’s 50 day moving average price is $625.00 and its 200 day moving average price is $551.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. HubSpot, Inc. has a one year low of $399.48 and a one year high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. The firm had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. Research analysts forecast that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

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.