APG Asset Management N.V. Has $15.46 Million Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• APG Asset Management N.V. decreased its holdings in HubSpot, Inc. by 824 shares, representing a 2.7% reduction, leaving them with a total of 29,236 shares valued at approximately $15.46 million.
• Insider transactions included CEO Yamini Rangan selling 2,383 shares and CFO Kathryn Bueker selling 615 shares, with both executives seeing a decrease in their ownership stakes.
• HubSpot's quarterly earnings beat analysts' expectations with $760.87 million in revenue, and its stock has a consensus rating of "Moderate Buy," with a target price around $726.04.

APG Asset Management N.V. lessened its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,236 shares of the software maker's stock after selling 824 shares during the quarter. APG Asset Management N.V. owned approximately 0.06% of HubSpot worth $15,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HUBS. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC lifted its holdings in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares in the last quarter. Colonial Trust Co SC boosted its position in shares of HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after buying an additional 30 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after buying an additional 34 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of HubSpot during the first quarter worth about $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Macquarie cut their target price on HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. BMO Capital Markets reduced their target price on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. The Goldman Sachs Group decreased their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus cut their price target on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Finally, Piper Sandler upgraded shares of HubSpot from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $645.00 to $675.00 in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $726.04.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the sale, the director directly owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,498 shares of company stock worth $14,752,256. Insiders own 4.00% of the company's stock.

HubSpot Stock Up 1.5%

Shares of HUBS stock traded up $6.95 during trading on Thursday, reaching $476.43. 870,050 shares of the company's stock were exchanged, compared to its average volume of 738,458. The stock has a market capitalization of $25.10 billion, a PE ratio of -2,071.41, a PEG ratio of 15.76 and a beta of 1.66. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The firm's fifty day moving average price is $512.28 and its 200-day moving average price is $582.68.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same quarter last year, the firm posted $1.94 EPS. The company's quarterly revenue was up 19.4% on a year-over-year basis. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.