Daiwa Securities Group Inc. Has $2.86 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Daiwa Securities Group Inc. lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 4,106 shares of the software maker’s stock after selling 60 shares during the period. Daiwa Securities Group Inc.’s holdings in HubSpot were worth $2,861,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HUBS. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of HubSpot by 1.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,544 shares of the software maker’s stock worth $19,889,000 after buying an additional 280 shares in the last quarter. AlphaQuest LLC boosted its stake in HubSpot by 69.2% in the fourth quarter. AlphaQuest LLC now owns 1,474 shares of the software maker’s stock worth $1,027,000 after purchasing an additional 603 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of HubSpot in the fourth quarter valued at $16,979,000. Larson Financial Group LLC raised its holdings in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in HubSpot by 14.7% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 22,832 shares of the software maker’s stock worth $16,133,000 after buying an additional 2,925 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Down 2.0 %

Shares of HUBS stock opened at $598.64 on Friday. The company has a market capitalization of $31.22 billion, a price-to-earnings ratio of 6,652.27, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a fifty day moving average of $727.46 and a 200-day moving average of $649.63.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data 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%. On average, equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on HUBS shares. The Goldman Sachs Group boosted their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a research report on Thursday, February 13th. Truist Financial restated a “buy” rating and set a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Scotiabank raised their price target on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Finally, Needham & Company LLC boosted their price objective on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $863.96.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The shares were 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 of the company’s stock, valued at approximately $1,170,930. This represents a 25.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,997 shares of company stock valued at $35,796,526 over the last 90 days. 4.50% of the stock is owned by corporate insiders.

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.