Aviva PLC Sells 27,839 Shares of HubSpot, Inc. (NYSE:HUBS)

Aviva PLC trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 43.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,761 shares of the software maker's stock after selling 27,839 shares during the quarter. Aviva PLC owned approximately 0.07% of HubSpot worth $24,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HUBS. Larson Financial Group LLC raised its holdings in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the 3rd quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new position in shares of HubSpot in the fourth quarter worth about $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of HubSpot during the fourth quarter worth approximately $36,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of research reports. Scotiabank raised their price target on shares of HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a report on Thursday, February 13th. Canaccord Genuity Group boosted their target price on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. William Blair reiterated an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Barclays raised HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 price target on the stock in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $848.58.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,382 shares of company stock worth $13,415,657 in the last three months. Insiders own 4.50% of the company's stock.

HubSpot Stock Down 0.6 %

Shares of NYSE:HUBS traded down $3.14 during mid-day trading on Friday, reaching $515.73. 374,314 shares of the stock were exchanged, compared to its average volume of 613,561. The company has a market cap of $26.90 billion, a P/E ratio of 5,724.02, a P/E/G ratio of 41.44 and a beta of 1.82. The stock's 50 day simple moving average is $657.04 and its 200-day simple moving average is $659.76. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot 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.