Asset Management One Co. Ltd. Sells 17,878 Shares of HubSpot, Inc. $HUBS

Asset Management One Co. Ltd. reduced its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 42.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,124 shares of the software maker’s stock after selling 17,878 shares during the quarter. Asset Management One Co. Ltd.’s holdings in HubSpot were worth $11,309,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC raised its stake in shares of HubSpot by 548.6% during the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares during the period. Norges Bank bought a new position in HubSpot during the second quarter valued at about $269,941,000. Neuberger Berman Group LLC increased its holdings in HubSpot by 166.2% during the second quarter. Neuberger Berman Group LLC now owns 321,679 shares of the software maker’s stock worth $179,055,000 after buying an additional 200,844 shares during the last quarter. Vanguard Group Inc. increased its holdings in HubSpot by 2.8% during the second quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after buying an additional 144,507 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in HubSpot by 35.0% in the second quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock worth $209,335,000 after acquiring an additional 97,469 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the transaction, the director directly owned 496,308 shares in the company, valued at $182,140,072.92. This represents a 1.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 25,500 shares of company stock worth $10,058,565 in the last three months. 4.00% of the stock is owned by insiders.

HubSpot Trading Up 4.8%

Shares of NYSE:HUBS opened at $397.82 on Wednesday. The company has a 50 day moving average of $394.13 and a 200 day moving average of $460.33. The stock has a market cap of $20.84 billion, a P/E ratio of -4,972.74, a P/E/G ratio of 8.91 and a beta of 1.46. HubSpot, Inc. has a 12 month low of $344.41 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 EPS. On average, equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a research report on Tuesday, October 14th. Canaccord Genuity Group reduced their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. decreased their target price on HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. The Goldman Sachs Group dropped their price target on HubSpot from $717.00 to $612.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Evercore ISI set a $500.00 price target on HubSpot in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.