HubSpot, Inc. (NYSE:HUBS) Shares Bought by Prudential PLC

Prudential PLC raised its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 95.8% during the fourth quarter, HoldingsChannel reports. The firm owned 16,218 shares of the software maker’s stock after purchasing an additional 7,933 shares during the quarter. Prudential PLC’s holdings in HubSpot were worth $11,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its position in HubSpot by 4.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock valued at $10,323,000 after buying an additional 772 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at $1,361,000. Geode Capital Management LLC increased its stake in shares of HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after acquiring an additional 19,974 shares during the period. Oak Harvest Investment Services purchased a new position in shares of HubSpot during the fourth quarter worth $2,065,000. Finally, Donoghue Forlines LLC acquired a new position in HubSpot during the fourth quarter valued at $2,049,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In other news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,382 shares of company stock valued at $13,415,657 in the last 90 days. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

NYSE:HUBS opened at $500.79 on Friday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The stock has a market cap of $26.12 billion, a PE ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. The stock has a 50 day moving average price of $688.31 and a 200 day moving average price of $659.95.

HubSpot (NYSE:HUBS) last posted its quarterly 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%. As a group, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of recent research reports. Raymond James lifted their price objective on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Piper Sandler boosted their price target on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Stephens assumed coverage on shares of HubSpot in a report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 target price for the company. BMO Capital Markets boosted their target price on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Citigroup lifted their price objective on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $848.58.

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.