Achmea Investment Management B.V. Lowers Holdings in HubSpot, Inc. (NYSE:HUBS)

Achmea Investment Management B.V. cut its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,545 shares of the software maker's stock after selling 3,525 shares during the period. Achmea Investment Management B.V. owned about 0.12% of HubSpot worth $36,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in HUBS. Bartlett & CO. Wealth Management LLC raised its holdings in shares of HubSpot by 247.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 153 shares of the software maker's stock valued at $87,000 after acquiring an additional 109 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of HubSpot by 11.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,615 shares of the software maker's stock worth $6,636,000 after purchasing an additional 1,235 shares during the period. Board of the Pension Protection Fund bought a new position in shares of HubSpot during the first quarter valued at approximately $628,000. Sequoia Financial Advisors LLC raised its stake in HubSpot by 11.4% in the first quarter. Sequoia Financial Advisors LLC now owns 936 shares of the software maker's stock worth $535,000 after buying an additional 96 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in HubSpot by 1,840.0% in the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock worth $55,000 after buying an additional 92 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

HUBS opened at $547.70 on Friday. The stock has a market cap of $28.89 billion, a P/E ratio of -1,217.10, a P/E/G ratio of 19.75 and a beta of 1.70. The firm has a fifty day moving average price of $599.08 and a 200 day moving average price of $651.26. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now owns 71,693 shares of the company's stock, valued at approximately $43,015,800. The trade was a 0.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the transaction, the director now directly owns 523,984 shares in the company, valued at approximately $287,158,951.52. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,062 shares of company stock valued at $11,011,432 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HUBS shares. Jefferies Financial Group cut their price target on HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley lifted their price target on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Barclays lowered their price objective on HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Wall Street Zen cut HubSpot from a "buy" rating to a "hold" rating in a research note on Sunday, June 15th. Finally, Cantor Fitzgerald began coverage on HubSpot in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus price target of $766.71.

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.

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