Robeco Institutional Asset Management B.V. Trims Stake in HubSpot, Inc. (NYSE:HUBS)

Robeco Institutional Asset Management B.V. lowered its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,982 shares of the software maker's stock after selling 6,381 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.21% of HubSpot worth $74,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of HUBS. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% during the fourth 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 during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot during the third quarter valued at $25,000. HM Payson & Co. increased its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Friedenthal Financial purchased a new stake in HubSpot during the fourth quarter valued at $50,000. Finally, Crewe Advisors LLC increased its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

Shares of NYSE:HUBS traded down $5.67 during trading on Thursday, hitting $772.12. The company had a trading volume of 571,552 shares, compared to its average volume of 438,655. The stock has a market cap of $39.86 billion, a price-to-earnings ratio of -2,859.61, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70. HubSpot, Inc. has a one year low of $434.84 and a one year high of $811.79. The company has a fifty day simple moving average of $722.58 and a two-hundred day simple moving average of $597.11.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during 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 company's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the company earned ($0.04) EPS. On average, equities research analysts anticipate that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares in the company, 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. Insiders sold 78,066 shares of company stock valued at $54,900,427 in the last ninety days. Insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research reports. BMO Capital Markets upped their price objective on HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Oppenheimer upped their price target on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Morgan Stanley upped their price target on HubSpot from $747.00 to $835.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Evercore ISI upped their price target on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Finally, Bank of America upped their price target on HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $724.52.

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.