Nomura Asset Management Co. Ltd. Has $10.32 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Nomura Asset Management Co. Ltd. increased its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,419 shares of the software maker's stock after purchasing an additional 772 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in HubSpot were worth $10,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HUBS. MML Investors Services LLC grew its stake in shares of HubSpot by 88.6% in the 3rd quarter. MML Investors Services LLC now owns 12,276 shares of the software maker's stock worth $6,526,000 after purchasing an additional 5,767 shares during the last quarter. Zacks Investment Management grew its position in HubSpot by 3.6% in the third quarter. Zacks Investment Management now owns 1,470 shares of the software maker's stock worth $781,000 after buying an additional 51 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of HubSpot by 135.6% in the third quarter. National Bank of Canada FI now owns 563 shares of the software maker's stock valued at $299,000 after buying an additional 324 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of HubSpot in the third quarter valued at $384,000. Finally, Wellington Management Group LLP lifted its position in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HUBS. Evercore ISI boosted their target price on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Oppenheimer upped their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Piper Sandler downgraded shares of HubSpot from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. UBS Group raised their price objective on shares of HubSpot from $550.00 to $650.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and an average price target of $684.27.

HubSpot Trading Up 1.2 %

HubSpot stock traded up $8.41 during mid-day trading on Thursday, hitting $734.49. 586,503 shares of the company's stock were exchanged, compared to its average volume of 587,908. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47. The stock has a 50 day moving average of $629.72 and a two-hundred day moving average of $563.11. The stock has a market cap of $37.92 billion, a P/E ratio of -2,695.63, a P/E/G ratio of 90.16 and a beta of 1.70.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) EPS. As a group, research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the transaction, the chief technology officer now owns 1,323,145 shares of the company's stock, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,390 shares of company stock valued at $29,126,596. Company insiders own 4.50% of the company's stock.

About HubSpot

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.