15,300 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,300 shares of the software maker’s stock, valued at approximately $10,686,000.

Several other large investors have also recently made changes to their positions in HUBS. Wellington Management Group LLP grew its holdings in shares of HubSpot by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock valued at $1,029,262,000 after purchasing an additional 74,990 shares during the last quarter. Geode Capital Management LLC boosted its position in HubSpot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock valued at $577,572,000 after buying an additional 9,922 shares during the period. Groupama Asset Managment grew its stake in shares of HubSpot by 3.8% during the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after buying an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after buying an additional 104,800 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after acquiring an additional 24,799 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock worth $13,415,657 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

Shares of HUBS opened at $500.79 on Monday. The firm’s 50-day simple moving average is $688.31 and its two-hundred day simple moving average is $662.23. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market cap of $26.12 billion, a PE ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on HUBS. Raymond James lifted their price target on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Piper Sandler lifted their target price on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Sanford C. Bernstein began coverage on shares of HubSpot in a research report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price objective on the stock. Finally, Scotiabank upped their price objective on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

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.