HubSpot, Inc. (NYSE:HUBS) Stake Boosted by APG Asset Management N.V.

APG Asset Management N.V. grew its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 3,024.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,060 shares of the software maker's stock after acquiring an additional 29,098 shares during the period. APG Asset Management N.V. owned about 0.06% of HubSpot worth $20,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in HubSpot by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock worth $1,029,262,000 after purchasing an additional 74,990 shares in the last quarter. Geode Capital Management LLC lifted its holdings in HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock worth $577,572,000 after buying an additional 9,922 shares during the last quarter. Groupama Asset Managment grew its position in shares of HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock worth $506,412,000 after acquiring an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock valued at $471,068,000 after acquiring an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after acquiring an additional 24,799 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Up 3.8 %

NYSE:HUBS traded up $19.93 during mid-day trading on Tuesday, reaching $547.49. 387,921 shares of the stock were exchanged, compared to its average volume of 616,781. The business has a fifty day moving average price of $647.25 and a 200 day moving average price of $660.55. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The firm has a market capitalization of $28.55 billion, a PE ratio of 6,083.90, a PEG ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HUBS shares. Scotiabank lifted their price objective on shares of HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a report on Thursday, February 13th. Redburn Atlantic began coverage on shares of HubSpot in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Raymond James increased their price objective on shares of HubSpot from $750.00 to $980.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their target price on HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, UBS Group upgraded HubSpot from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $775.00 to $675.00 in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has 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 target price of $834.15.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock worth $13,415,657 in the last quarter. 4.50% of the stock is owned by company insiders.

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.