Royal London Asset Management Ltd. Has $10.47 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Royal London Asset Management Ltd. boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,031 shares of the software maker’s stock after purchasing an additional 437 shares during the period. Royal London Asset Management Ltd.’s holdings in HubSpot were worth $10,468,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. grew its stake in shares of HubSpot by 3.5% during the third quarter. Atria Wealth Solutions Inc. now owns 1,614 shares of the software maker’s stock valued at $795,000 after purchasing an additional 54 shares during the last quarter. Pathstone Family Office LLC bought a new stake in shares of HubSpot during the third quarter worth $677,000. DekaBank Deutsche Girozentrale lifted its stake in shares of HubSpot by 2.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,483 shares of the software maker’s stock valued at $4,648,000 after acquiring an additional 254 shares during the period. Aviva PLC increased its position in HubSpot by 49.1% in the third quarter. Aviva PLC now owns 53,650 shares of the software maker’s stock worth $26,423,000 after purchasing an additional 17,657 shares during the period. Finally, Korea Investment CORP lifted its position in HubSpot by 311.5% during the 3rd quarter. Korea Investment CORP now owns 45,892 shares of the software maker’s stock valued at $22,602,000 after purchasing an additional 34,739 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho reduced their target price on HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Canaccord Genuity Group lowered their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Wells Fargo & Company boosted their price objective on HubSpot from $725.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. Piper Sandler cut their price target on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Finally, Barclays dropped their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $641.00.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $17.71 during trading on Friday, reaching $584.71. 466,155 shares of the company traded hands, compared to its average volume of 690,287. The firm has a market capitalization of $29.80 billion, a PE ratio of -220.65 and a beta of 1.57. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $617.08 and its two-hundred day moving average is $598.26.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The firm had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. As a group, sell-side analysts predict that HubSpot, Inc. will post -0.56 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dawson Alyssa Harvey sold 192 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the sale, the insider now owns 10,860 shares of the company’s stock, valued at approximately $7,059,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,353 shares of company stock valued at $12,845,623. Corporate insiders own 4.50% of the company’s stock.

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.