Achmea Investment Management B.V. Buys 19,518 Shares of HubSpot, Inc. $HUBS

Achmea Investment Management B.V. raised its position in HubSpot, Inc. (NYSE:HUBS) by 31.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 82,219 shares of the software maker’s stock after buying an additional 19,518 shares during the period. Achmea Investment Management B.V. owned about 0.16% of HubSpot worth $38,462,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of HubSpot in the 2nd quarter valued at about $269,941,000. Vanguard Group Inc. raised its stake in shares of HubSpot by 6.4% during the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after buying an additional 345,524 shares during the last quarter. AQR Capital Management LLC lifted its holdings in HubSpot by 89.2% in the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after buying an additional 257,577 shares during the period. Atreides Management LP bought a new position in HubSpot in the third quarter valued at approximately $113,878,000. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new stake in HubSpot during the 3rd quarter worth $99,737,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 0.3%

HUBS stock opened at $265.43 on Wednesday. The business’s 50-day moving average price is $280.51 and its two-hundred day moving average price is $379.08. The firm has a market cap of $14.00 billion, a PE ratio of 305.10, a P/E/G ratio of 3.95 and a beta of 1.40. HubSpot, Inc. has a 1-year low of $207.20 and a 1-year high of $682.57.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. During the same quarter last year, the firm posted $2.32 earnings per share. HubSpot’s revenue was up 20.4% compared to the same quarter last year. On average, analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HUBS. Barclays dropped their target price on shares of HubSpot from $525.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Royal Bank Of Canada dropped their price objective on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Needham & Company LLC cut their target price on HubSpot from $700.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Piper Sandler reduced their target price on HubSpot from $400.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $454.20.

Insider Buying and Selling

In other news, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the transaction, the insider owned 10,119 shares in the company, valued at $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $2,578,730.00. Following the sale, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 18,191 shares of company stock worth $5,017,287. Insiders own 4.00% of the company’s stock.

HubSpot Profile

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.