Schroder Investment Management Group Raises Holdings in HubSpot, Inc. (NYSE:HUBS)

Schroder Investment Management Group increased its position in HubSpot, Inc. (NYSE:HUBS) by 41.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,915 shares of the software maker’s stock after buying an additional 2,320 shares during the period. Schroder Investment Management Group’s holdings in HubSpot were worth $5,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% in 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 purchasing an additional 480,796 shares during the last quarter. Geode Capital Management LLC lifted its position in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after buying an additional 19,974 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after buying an additional 24,799 shares during the period. Norges Bank bought a new position in HubSpot during the fourth quarter valued at $420,345,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of HubSpot in the fourth quarter valued at $157,019,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HUBS shares. Canaccord Genuity Group upped their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Macquarie assumed coverage on HubSpot in a research note on Monday, March 24th. They set an “outperform” rating and a $730.00 target price on the stock. Citigroup raised their price target on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Mizuho lifted their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $848.58.

HubSpot Stock Performance

NYSE:HUBS opened at $500.79 on Friday. The company’s 50-day simple moving average is $688.31 and its 200-day simple moving average is $659.95. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market capitalization of $26.12 billion, a P/E ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,382 shares of company stock valued at $13,415,657 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.