Deutsche Bank AG Lowers Holdings in HubSpot, Inc. (NYSE:HUBS)

Deutsche Bank AG reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 16.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 127,487 shares of the software maker’s stock after selling 24,366 shares during the period. Deutsche Bank AG owned approximately 0.25% of HubSpot worth $88,829,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HUBS. Norges Bank acquired a new position in shares of HubSpot in the fourth quarter worth about $420,345,000. Raymond James Financial Inc. acquired a new stake in shares of HubSpot during the 4th quarter valued at about $157,019,000. Wealthfront Advisers LLC increased its stake in shares of HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in HubSpot in the 4th quarter worth about $79,135,000. Finally, Alliancebernstein L.P. raised its holdings in HubSpot by 61.9% in the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker’s stock worth $199,504,000 after purchasing an additional 109,449 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,562 shares of company stock worth $18,401,757 in the last 90 days. Insiders own 4.50% of the company’s stock.

HubSpot Stock Down 8.8%

Shares of NYSE:HUBS opened at $602.31 on Monday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock has a market cap of $31.70 billion, a P/E ratio of 6,693.08, a PEG ratio of 41.44 and a beta of 1.78. The business has a fifty day moving average of $584.93 and a two-hundred day moving average of $668.28.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on HUBS. Stephens began coverage on HubSpot in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price objective for the company. Royal Bank of Canada lifted their price target on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Piper Sandler upped their price objective on shares of HubSpot from $535.00 to $645.00 and gave the stock a “neutral” rating in a research report on Friday. Redburn Atlantic initiated coverage on shares of HubSpot in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, Canaccord Genuity Group boosted their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $772.56.

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.