APG Asset Management N.V. Grows Position in HubSpot, Inc. (NYSE:HUBS)

APG Asset Management N.V. grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 3,024.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,060 shares of the software maker’s stock after buying an additional 29,098 shares during the quarter. APG Asset Management N.V.’s holdings in HubSpot were worth $20,227,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HUBS. Captrust Financial Advisors boosted its stake in shares of HubSpot by 132.6% during the third quarter. Captrust Financial Advisors now owns 1,363 shares of the software maker’s stock valued at $725,000 after purchasing an additional 777 shares during the period. HighTower Advisors LLC raised its holdings in shares of HubSpot by 1.4% during the third quarter. HighTower Advisors LLC now owns 4,535 shares of the software maker’s stock valued at $2,420,000 after acquiring an additional 61 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of HubSpot during the third quarter valued at approximately $384,000. National Bank of Canada FI raised its holdings in shares of HubSpot by 135.6% during the third quarter. National Bank of Canada FI now owns 563 shares of the software maker’s stock valued at $299,000 after acquiring an additional 324 shares in the last quarter. Finally, Zacks Investment Management raised its holdings in shares of HubSpot by 3.6% during the third quarter. Zacks Investment Management now owns 1,470 shares of the software maker’s stock valued at $781,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

HubSpot stock opened at $549.01 on Thursday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The stock has a market capitalization of $28.63 billion, a PE ratio of 6,100.82, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The business’s fifty day moving average is $661.97 and its 200 day moving average is $659.86.

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

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value 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 $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,382 shares of company stock valued at $13,415,657. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of a number of recent analyst reports. Truist Financial restated a “buy” rating and set a $900.00 target price (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Citigroup upped their target price on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Stephens began coverage on HubSpot in a report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price objective for the company. Finally, Raymond James increased their price objective on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.