Allianz Asset Management GmbH Has $15.08 Million Stock Position in HubSpot, Inc. $HUBS

Allianz Asset Management GmbH reduced its position in shares of HubSpot, Inc. (NYSE:HUBS) by 36.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,237 shares of the software maker’s stock after selling 18,707 shares during the period. Allianz Asset Management GmbH owned about 0.06% of HubSpot worth $15,080,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC bought a new position in shares of HubSpot in the second quarter valued at approximately $27,000. Whittier Trust Co. increased its holdings in HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. increased its holdings in HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in HubSpot in the 2nd quarter valued at $34,000. Finally, Exane Asset Management acquired a new position in HubSpot in the third quarter worth $30,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research reports. Truist Financial lowered their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Piper Sandler decreased their price objective on shares of HubSpot from $590.00 to $400.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Morgan Stanley lowered their price objective on shares of HubSpot from $640.00 to $577.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Barclays reduced their target price on shares of HubSpot from $575.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, Wells Fargo & Company lowered their price target on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $578.13.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the transaction, the director owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,930 shares of company stock valued at $9,175,604 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

HubSpot Trading Up 4.0%

Shares of NYSE HUBS opened at $232.36 on Friday. HubSpot, Inc. has a 1 year low of $223.01 and a 1 year high of $881.13. The firm’s 50-day moving average is $352.50 and its 200-day moving average is $422.99. The firm has a market capitalization of $12.17 billion, a PE ratio of -2,904.50, a price-to-earnings-growth ratio of 5.52 and a beta of 1.44.

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

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.