HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,926 shares of the software maker's stock after acquiring an additional 1,009 shares during the period. Royal London Asset Management Ltd.'s holdings in HubSpot were worth $14,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC increased its holdings in shares of HubSpot by 125.6% during the 3rd quarter. Quest Partners LLC now owns 871 shares of the software maker's stock valued at $463,000 after purchasing an additional 485 shares in the last quarter. Caprock Group LLC boosted its stake in shares of HubSpot by 16.8% during the 3rd quarter. Caprock Group LLC now owns 673 shares of the software maker's stock worth $358,000 after acquiring an additional 97 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of HubSpot during the 3rd quarter valued at about $1,706,000. Commerce Bank grew its position in shares of HubSpot by 16.0% during the 3rd quarter. Commerce Bank now owns 6,633 shares of the software maker's stock valued at $3,526,000 after acquiring an additional 917 shares during the period. Finally, Intech Investment Management LLC raised its holdings in HubSpot by 14.9% in the 3rd quarter. Intech Investment Management LLC now owns 2,788 shares of the software maker's stock worth $1,482,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

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Insider Transactions at HubSpot

In related news, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the transaction, the director now directly owns 1,125 shares in the company, valued at $811,800. This trade represents a 33.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares of the company's stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,425 shares of company stock worth $15,866,151. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on HUBS shares. Piper Sandler boosted their price objective on HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Scotiabank lifted their target price on shares of HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a research report on Thursday, February 13th. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Sanford C. Bernstein started coverage on HubSpot in a research note on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $848.58.

HubSpot Stock Performance

HUBS stock traded down $18.09 during midday trading on Wednesday, reaching $609.02. 375,320 shares of the company were exchanged, compared to its average volume of 603,135. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a market cap of $31.76 billion, a price-to-earnings ratio of 6,767.62, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The stock's 50-day simple moving average is $712.30 and its 200 day simple moving average is $658.03.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. On average, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.