Robeco Institutional Asset Management B.V. Sells 10,133 Shares of HubSpot, Inc. $HUBS

Robeco Institutional Asset Management B.V. trimmed its stake in HubSpot, Inc. (NYSE:HUBS) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,966 shares of the software maker’s stock after selling 10,133 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in HubSpot were worth $33,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of HubSpot by 19.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock worth $5,306,000 after acquiring an additional 1,533 shares during the period. Moody Lynn & Lieberson LLC increased its position in shares of HubSpot by 2,038.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after purchasing an additional 19,973 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of HubSpot by 24.1% in the second quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock valued at $7,363,000 after purchasing an additional 2,569 shares in the last quarter. Nordea Investment Management AB lifted its position in HubSpot by 74.4% in the second quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock worth $8,921,000 after purchasing an additional 6,846 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in HubSpot by 15.0% during the first quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock worth $2,888,000 after buying an additional 660 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the transaction, the director directly owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 25,500 shares of company stock worth $10,058,565 in the last 90 days. Corporate insiders own 4.00% of the company’s stock.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $399.00 on Thursday. The firm’s 50 day simple moving average is $392.79 and its 200 day simple moving average is $459.90. HubSpot, Inc. has a fifty-two week low of $344.41 and a fifty-two week high of $881.13. The company has a market capitalization of $20.90 billion, a price-to-earnings ratio of -4,987.53, a P/E/G ratio of 9.29 and a beta of 1.46.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. During the same period in the previous year, the firm earned $2.18 EPS. HubSpot’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group reissued an “outperform” rating and issued a $525.00 target price on shares of HubSpot in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on HubSpot from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Truist Financial cut their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Argus decreased their price target on HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, The Goldman Sachs Group dropped their price objective on HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $614.26.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.