Nomura Asset Management Co. Ltd. Sells 1,207 Shares of HubSpot, Inc. (NYSE:HUBS)

Nomura Asset Management Co. Ltd. decreased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,212 shares of the software maker’s stock after selling 1,207 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in HubSpot were worth $12,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the 3rd quarter valued at $25,000. Larson Financial Group LLC lifted its stake 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 in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot during the fourth quarter worth about $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of HubSpot in the 4th quarter worth about $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Price Performance

NYSE:HUBS opened at $581.45 on Monday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock’s fifty day moving average price is $705.35 and its two-hundred day moving average price is $660.14. The company has a market cap of $30.32 billion, a P/E ratio of 6,461.31, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate 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, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on HUBS. Macquarie began coverage on HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 price objective for the company. Wells Fargo & Company increased their price target on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Stephens began coverage on shares of HubSpot in a report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price objective on the stock. Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 target price for the company in a report on Wednesday, March 12th. Finally, Stifel Nicolaus boosted their price target on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,853 shares of company stock valued at $15,453,396. Company insiders own 4.50% of the company’s stock.

HubSpot 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.