Sumitomo Mitsui Trust Group Inc. Has $69.71 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 13.6% in the 3rd quarter, Holdings Channel reports. The fund owned 131,129 shares of the software maker’s stock after buying an additional 15,701 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in HubSpot were worth $69,708,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE lifted its stake in HubSpot by 5.0% in the 1st quarter. US Bancorp DE now owns 2,030 shares of the software maker’s stock valued at $1,272,000 after purchasing an additional 97 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of HubSpot by 23.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,951 shares of the software maker’s stock worth $16,886,000 after buying an additional 5,091 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of HubSpot by 6.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 4,827 shares of the software maker’s stock valued at $3,025,000 after acquiring an additional 297 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of HubSpot by 11.8% during the 1st quarter. Blair William & Co. IL now owns 1,427 shares of the software maker’s stock valued at $894,000 after acquiring an additional 151 shares in the last quarter. Finally, M&G Plc bought a new stake in HubSpot during the 1st quarter worth $8,533,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBS has been the subject of several research reports. Canaccord Genuity Group lifted their price target on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial restated a “buy” rating and issued a $750.00 price target (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Raymond James cut their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, BMO Capital Markets raised their target price on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,891 shares of company stock valued at $6,662,473 over the last ninety days. 4.50% of the stock is owned by company insiders.

HubSpot Trading Down 0.5 %

HUBS opened at $696.45 on Friday. The company has a market cap of $35.95 billion, a P/E ratio of -2,579.35, a price-to-earnings-growth ratio of 85.25 and a beta of 1.63. The company has a fifty day moving average price of $547.33 and a two-hundred day moving average price of $547.24. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $724.61.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) EPS. On average, research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

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.