Achmea Investment Management B.V. Trims Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Achmea Investment Management B.V. lowered its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,070 shares of the software maker's stock after selling 7,442 shares during the period. HubSpot makes up approximately 0.8% of Achmea Investment Management B.V.'s portfolio, making the stock its 22nd largest position. Achmea Investment Management B.V. owned approximately 0.13% of HubSpot worth $46,732,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the 3rd quarter valued at about $25,000. Larson Financial Group LLC lifted its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the fourth quarter worth $35,000. Finally, Friedenthal Financial purchased a new stake in HubSpot during the fourth quarter valued at $50,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Trading Up 1.9 %

HUBS traded up $11.41 during midday trading on Friday, hitting $609.73. 591,723 shares of the company traded hands, compared to its average volume of 570,121. The business has a 50 day simple moving average of $727.46 and a two-hundred day simple moving average of $649.63. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market capitalization of $31.80 billion, a price-to-earnings ratio of 6,775.49, a PEG ratio of 41.44 and a beta of 1.80.

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HubSpot (NYSE:HUBS - Get Free Report) last issued 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%. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

HUBS has been the topic of several research reports. Piper Sandler raised their target price on HubSpot from $640.00 to $808.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Oppenheimer upped their target price on shares of HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Truist Financial reiterated a "buy" rating and set a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Wells Fargo & Company raised their target price on HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, StockNews.com lowered HubSpot from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $863.96.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares of the company's stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares of the company's stock, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,997 shares of company stock worth $35,796,526 over the last three months. Insiders own 4.50% of the company's stock.

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.