TD Asset Management Inc cut its stake in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,813 shares of the software maker’s stock after selling 3,952 shares during the period. TD Asset Management Inc’s holdings in HubSpot were worth $26,009,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of HUBS. Geode Capital Management LLC grew its stake in HubSpot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock worth $388,917,000 after purchasing an additional 14,159 shares during the period. OFI Invest Asset Management lifted its stake in HubSpot by 130.2% in the fourth quarter. OFI Invest Asset Management now owns 99,622 shares of the software maker’s stock valued at $39,978,000 after buying an additional 56,348 shares during the period. Slow Capital Inc. boosted its holdings in shares of HubSpot by 35.9% during the 4th quarter. Slow Capital Inc. now owns 18,615 shares of the software maker’s stock worth $7,470,000 after buying an additional 4,913 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of HubSpot by 65.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,583 shares of the software maker’s stock worth $17,891,000 after buying an additional 17,713 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab grew its position in shares of HubSpot by 20.0% during the 4th quarter. Danica Pension Livsforsikringsaktieselskab now owns 255,923 shares of the software maker’s stock worth $102,702,000 after buying an additional 42,718 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.
HubSpot Stock Down 0.3%
Shares of HUBS opened at $211.90 on Monday. The business’s fifty day moving average is $218.71 and its 200 day moving average is $283.10. HubSpot, Inc. has a 12-month low of $173.25 and a 12-month high of $610.61. The stock has a market cap of $10.85 billion, a P/E ratio of 110.94, a P/E/G ratio of 2.33 and a beta of 1.21.
Insider Activity
In related news, CEO Yamini Rangan acquired 2,750 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $189.84 per share, with a total value of $522,060.00. Following the completion of the purchase, the chief executive officer directly owned 102,982 shares in the company, valued at $19,550,102.88. This trade represents a 2.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $181.37 per share, for a total transaction of $1,813,700.00. Following the transaction, the chief technology officer owned 1,295,400 shares of the company’s stock, valued at $234,946,698. The trade was a 0.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 14,063 shares of company stock worth $2,585,781 and sold 26,207 shares worth $6,233,049. Company insiders own 3.70% of the company’s stock.
Analyst Ratings Changes
HUBS has been the subject of several research analyst reports. Needham & Company LLC lowered their price objective on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Piper Sandler cut their target price on shares of HubSpot from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. BMO Capital Markets reduced their price target on shares of HubSpot from $285.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Mizuho decreased their price target on shares of HubSpot from $300.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, Barclays dropped their price objective on shares of HubSpot from $300.00 to $270.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $311.00.
Check Out Our Latest Analysis on HUBS
HubSpot Profile
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
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