HubSpot, Inc. (NYSE:HUBS) Holdings Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in HubSpot, Inc. (NYSE:HUBS) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,411 shares of the software maker’s stock after acquiring an additional 411 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in HubSpot were worth $3,073,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in HubSpot by 23.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,823 shares of the software maker’s stock worth $5,499,000 after acquiring an additional 1,489 shares in the last quarter. Avitas Wealth Management LLC grew its stake in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after purchasing an additional 17 shares during the last quarter. E. Ohman J or Asset Management AB grew its stake in shares of HubSpot by 13.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 2,260 shares of the software maker’s stock worth $1,575,000 after purchasing an additional 260 shares during the last quarter. Mather Group LLC. raised its holdings in shares of HubSpot by 36.7% in the 4th quarter. Mather Group LLC. now owns 257 shares of the software maker’s stock worth $179,000 after purchasing an additional 69 shares in the last quarter. Finally, GDS Wealth Management lifted its stake in HubSpot by 44.5% during the fourth quarter. GDS Wealth Management now owns 5,844 shares of the software maker’s stock valued at $4,072,000 after purchasing an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of HubSpot stock opened at $772.05 on Monday. The firm has a market cap of $39.85 billion, a price-to-earnings ratio of -2,859.34, a P/E/G ratio of 43.94 and a beta of 1.72. The stock has a 50-day simple moving average of $729.04 and a 200-day simple moving average of $611.36. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $811.79.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on HUBS shares. UBS Group cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Royal Bank of Canada boosted their target price on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their price target on HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Canaccord Genuity Group boosted their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Mizuho raised their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $732.88.

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.