Nomura Asset Management Co. Ltd. Sells 1,207 Shares of HubSpot, Inc. (NYSE:HUBS)

Nomura Asset Management Co. Ltd. lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,212 shares of the software maker's stock after selling 1,207 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in HubSpot were worth $12,690,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of HUBS. Larson Financial Group LLC raised its holdings in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in HubSpot by 73.1% during the fourth 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. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter valued at $25,000. Bank of Jackson Hole Trust bought a new stake in HubSpot during the fourth quarter valued at $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in HubSpot during the 4th quarter worth about $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBS has been the topic of several research analyst reports. Piper Sandler upped their target price on HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their price target on HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. The Goldman Sachs Group boosted their target price on shares of HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Scotiabank increased their target price on shares of HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a research note on Thursday, February 13th. Finally, Citigroup lifted their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus price target of $848.58.

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HubSpot Stock Down 5.1 %

Shares of NYSE:HUBS traded down $27.00 during midday trading on Friday, reaching $500.79. 1,393,357 shares of the company traded hands, compared to its average volume of 605,948. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm's fifty day moving average price is $688.31 and its two-hundred day moving average price is $659.95. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. Analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the company's 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 transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,382 shares of company stock valued at $13,415,657. 4.50% of the stock is currently owned by company insiders.

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.