Aviva PLC Cuts Stock Holdings in HubSpot, Inc. $HUBS

Aviva PLC lessened its position in HubSpot, Inc. (NYSE:HUBS) by 10.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 37,093 shares of the software maker’s stock after selling 4,540 shares during the quarter. Aviva PLC’s holdings in HubSpot were worth $20,647,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HUBS. Los Angeles Capital Management LLC boosted its stake in HubSpot by 24.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock worth $7,363,000 after purchasing an additional 2,569 shares during the last quarter. Fox Run Management L.L.C. lifted its stake in shares of HubSpot by 251.3% in the second quarter. Fox Run Management L.L.C. now owns 2,508 shares of the software maker’s stock worth $1,396,000 after buying an additional 1,794 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of HubSpot by 21.0% in the second quarter. Penserra Capital Management LLC now owns 4,830 shares of the software maker’s stock worth $2,687,000 after buying an additional 837 shares in the last quarter. Golden State Wealth Management LLC boosted its position in HubSpot by 1,057.1% during the second quarter. Golden State Wealth Management LLC now owns 81 shares of the software maker’s stock worth $45,000 after acquiring an additional 74 shares during the last quarter. Finally, Andra AP fonden grew its stake in HubSpot by 71.6% during the 2nd quarter. Andra AP fonden now owns 32,585 shares of the software maker’s stock valued at $18,138,000 after acquiring an additional 13,600 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares in the company, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the sale, the chief financial officer directly owned 38,794 shares in the company, valued at $19,397,000. This represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,098 shares of company stock valued at $24,757,257 over the last three months. 4.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Canaccord Genuity Group lowered their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday. Macquarie lowered their price objective on HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Stifel Nicolaus cut their target price on HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Barclays lowered their price target on shares of HubSpot from $675.00 to $575.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Needham & Company LLC cut their price objective on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $620.41.

HubSpot Price Performance

NYSE HUBS opened at $385.06 on Tuesday. The stock has a market capitalization of $20.17 billion, a P/E ratio of -4,813.25, a PEG ratio of 14.25 and a beta of 1.60. The firm’s 50-day moving average is $473.14 and its two-hundred day moving average is $526.09. HubSpot, Inc. has a 12 month low of $375.01 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 5th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 EPS. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current 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.