Mn Services Vermogensbeheer B.V. Boosts Position in HubSpot, Inc. (NYSE:HUBS)

Mn Services Vermogensbeheer B.V. lifted its position in HubSpot, Inc. (NYSE:HUBS) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,700 shares of the software maker’s stock after purchasing an additional 400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in HubSpot were worth $13,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in HubSpot by 50.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker’s stock valued at $1,699,000 after purchasing an additional 1,073 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of HubSpot by 57.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 639 shares of the software maker’s stock valued at $340,000 after buying an additional 233 shares during the period. Nisa Investment Advisors LLC raised its position in shares of HubSpot by 5.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,285 shares of the software maker’s stock valued at $1,746,000 after buying an additional 170 shares during the period. Pallas Capital Advisors LLC acquired a new position in HubSpot in the third quarter valued at approximately $624,000. Finally, abrdn plc increased its stake in HubSpot by 43.1% during the third quarter. abrdn plc now owns 31,541 shares of the software maker’s stock worth $16,767,000 after acquiring an additional 9,496 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total transaction of $394,680.00. Following the completion of the sale, the director now owns 1,697 shares in the company, valued at $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,112 shares of company stock worth $35,878,612 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HUBS. Raymond James increased their price target on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Barclays reissued an “equal weight” rating on shares of HubSpot in a research note on Thursday, February 13th. Needham & Company LLC increased their price objective on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Price Performance

Shares of HUBS opened at $712.63 on Friday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a market cap of $37.17 billion, a PE ratio of 7,919.00, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The firm has a fifty day moving average price of $739.58 and a 200 day moving average price of $638.60.

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